Svmuu News: Carsten Menke, Head of Research at Julius Baer, stated that gold can only truly shine if financial markets exhibit more pronounced safe-haven sentiment amid tensions in the Middle East. He pointed out that gold prices have been affected by the dollar’s rebound and rising U.S. bond yields because the previous sharp rally was largely driven by expectations of a weaker dollar. He added that those who bet on gold prices rising due to a weaker dollar have been on the wrong side of the trade since the war began. Julius Baer maintains its established view of being bullish on gold and neutral on silver. (Jin Shi)