B · Normal
[Fidelity Investments: The fair value of gold has reached US$5,000 per ounce] On September 23, Jurrien Timmer, global macro director of Fidelity Investments, said that as gold trading shifts from interest rates to liquidity, the fair value of gold has reached US$5,000 per ounce. He had expected in early September that the market assumed that the U.S. Treasury would continue to significantly increase the size of repurchases in order to drive down yields and require the Federal Reserve's participation, which would intensify the currency depreciation trade. In this environment, it is good for gold.
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