A escalada geopolítica, ouro e prata atingem máximos históricos, mas o dólar está a enfraquecer?

【币界】Recent market phenomena have shown some interesting contrasts. When geopolitical tensions tighten, funds flow into hard assets—gold just broke through $4,560 per ounce, hitting a record high, and silver also surged above $84. Based on historical experience, during such times the US dollar should remain strong, but what happened? The dollar index actually fell to 98.53.

This change is worth pondering. In past decades of financial crises, the dollar has always been the last refuge—chaotic times make the dollar stronger. But the current situation is different. Market observers mention that silver futures are in a futures premium, indicating that companies are hedging against potential future supply shortages. In other words, the real demand from the实体经济 (real economy) is sending signals.

A deeper interpretation is that this wave of行情 (market trend) may reflect a re-pricing of market risk regarding currencies. Previously, people trusted the dollar; now they are re-evaluating—this is a generational shift in valuation logic. Whether you are a holder of crypto assets or a traditional investor, this signal is worth paying attention to. The asset allocation trend may be quietly shifting.