Recently, supporters of Trump have hinted that if Trump returns to power, they will sell off gold and invest $50 billion in Bitcoin, considering including it in national reserves. This series of statements is seen as a signal that the dollar system may undergo significant changes. Since the collapse of the Bretton Woods system, the dollar has become an unanchored currency.

Recent fluctuations in the gold market are also attracting attention. After Trump's victory, the upward trend in gold seemed to lack a clear logic, becoming less tightly correlated with U.S. bonds and the dollar, while the subsequent decline was again negatively correlated with the dollar. Additionally, the latest U.S. inflation data is putting pressure on gold.

The CPI data released by the Federal Reserve for October shows a year-on-year growth rate of 2.6%, continuing to rise month-on-month, with inflation levels reaching a three-month high, and core CPI remaining at a high of 3.3%, far from the Federal Reserve's target of 2%. However, after the data was released, the market expected a 70% probability of the Federal Reserve cutting interest rates in December, which contradicts the actual situation where inflation has not yet been controlled, causing confusion in the market.

Economist Schiff pointed out that although the government and the Federal Reserve claim that inflation has decreased, this is mainly due to a significant drop in used car prices, which obscures the real situation. In reality, many key essential prices are still rising, and the U.S. inflation problem is far from resolved. He also criticized the previous drastic interest rate cut decisions made by the Federal Reserve.

Moreover, it is particularly strange that despite increasing expectations of interest rate cuts, the dollar index has risen against the trend, and gold prices have fallen sharply, hitting a new low in retracement. This fluctuation in gold prices has decoupled from inflation data, and market logic has become chaotic, especially in the precious metals market. In the past, investors often used inflation and interest rate cut expectations to judge gold prices, but now these traditional indicators seem to have failed, and the relationship between gold and Bitcoin has also become complicated.

Overall, the statements from Trump's supporters, U.S. inflation data, and market expectations of Federal Reserve policy have jointly influenced the gold market, resulting in an unprecedented chaotic situation. In the future, the trend of gold prices will be even more difficult to predict, and investors need to assess market dynamics and risks more cautiously. At the same time, the proposal to include new assets like Bitcoin in national reserves has sparked widespread discussion about the future direction of the monetary system.$BTC #市场围绕90K #币安矿池FB联合挖矿