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Market news: Trump may consider revaluing gold reserves

On February 15th, according to Jin Ten, Bloomberg macro strategist Simon White wrote that gold and silver are flooding into US warehouses at a rate not seen since the epidemic. Years of hoarding by emerging market central banks may have caused a shortage of physical metals in Western countries. But another less likely theory is that the United States is preparing to revalue its gold reserves. The recent influx of gold and silver into Comex warehouses has fuelled speculation that the US is about to revalue its vast stockpile of gold at market prices, which are now close to $3,000. The US government's gold reserves are now recorded at historic prices of $42 an ounce, while the current market price is close to $3,000 an ounce. This wide valuation gap has sparked speculation above Wall Street. With the spoiler Trump in power, this speculation cannot be completely refuted.