CITIC Futures: The long-term weakening of the US dollar index is conducive to the rise in platinum valuations

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According to CCTV News, local time on April 1, U.S. President Trump delivered a speech in which he self-claimed that the war with Iran had achieved “rapid, decisive, overwhelming victory,” and that the core strategic objective of the United States in the war with Iran was “nearing completion”; geopolitical risk is still among those with a very high level of uncertainty. In the short term, geopolitical risk remains at a high level, causing market volatility to increase markedly, market risk appetite is at a low level, and currently the market’s expectations for Federal Reserve rate cuts are relatively pessimistic, so investors are advised to remain cautious. In the long term, the trend that Trump’s actions have damaged the independence of the Federal Reserve and that global political and economic order is loosening has not undergone any fundamental change; the long-term weakening of the U.S. dollar index is favorable for boosting platinum valuations, but the ongoing duration and intensity of the Iran-U.S. geopolitical conflict are still clearly influencing market expectations and platinum prices. (CITIC Futures)

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