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Mitsubishi UFJ: Gold futures pump due to safe-haven demand before Trump takes office
On January 16th, Jinshi Data reported that gold futures pumped due to safe-haven demand before Trump’s inauguration. Mitsubishi UFJ analysts said that with the incoming US President Trump taking office, the strong start of gold at the beginning of the year will continue to rise in the short term. Analysts said in a report that the Trump administration will boost safe-haven demand and is associated with the fear factors in Mitsubishi UFJ’s bullish expectations for gold in 2025. Commodities are important inflation hedging tools, and Mitsubishi UFJ expects that Trump’s policies will trigger a series of inflation shocks. In addition to gold as the preferred means of hedging geopolitical instability, emerging market Central Banks continue to buy gold.