A while ago, a friend told me that JPMorgan's move of its core gold trading desk to Singapore would have a profound and structural impact on gold prices, signaling a strong shift from "credit-based pricing" to "physical pricing." This is a major positive for gold prices in the medium to long term, confirming the authenticity of safe-haven demand and ushering in a new era for physical gold with fewer price constraints and greater potential for price increases. I was skeptical. Until I saw the continuously rising gold price.

A rise in gold prices doesn't necessarily mean war is imminent; I hope for world peace.