Analysts: Safe-haven demand intensifies, gold bullish pattern emerges

Odaily News Safe-haven funds continue to flow into gold due to uncertainty over U.S. President Trump's tariff plan. Spot gold rose 0.3% on Wednesday, hitting a new record high. Jim Wyckoff, senior market analyst at Kitco Metals, said: "Due to the chaotic nature of the Trump administration, safe-haven demand has increased, and we have also seen bullish chart patterns." Analysts at Commerzbank said in a report: "Central bank gold purchases should also continue to provide support for gold prices." (Jinshi)