Is the gold bull catching its breath, or is it over?

Gold is generally considered a safe-haven asset, typically shining when the economy runs too hot or too cold.

By Xu Xiaoqing Chief Macro Strategist, Dunhe Asset Management Co., Ltd.

Since the start of 2025, gold has climbed steadily from around $2,600 an ounce, at one point approaching $4,400 — a peak gain of nearly 69% for the year. But from October 20, it slid to as low as $3,900 within six trading days, a drop of 11%. Either this gold bull market has ended, or this is merely a pause for breath.

📰 WSJ20251104

Before we begin: If today’s news had a soundtrack, it would be the tense, quiet hum of a machine spinning up. From Washington’s conference rooms to Wall Street’s trading floors to every one of our own bills, a set of critical switches is being flipped. Today we do more than read the news — we try to hear, behind these events, the sound of an era shifting gears.

]]> https://blog.baifan.site/en/economist-202511-global-analysis/ Tue, 09 Sep 2025 20:00:00 +0800 ByF https://blog.baifan.site/en/economist-202511-global-analysis/

TE 202511

The whole world is getting smarter; I just want to live wisely

Main Text

Politics and Diplomacy

• The issue details how US-China rivalry in trade and technology keeps escalating: Washington rolled out a new round of chip controls, and Beijing answered with supply-chain resilience and domestic substitution.

  ]]>