According to The Kobeissi Letter, US gold imports reached a record $30.4 billion in January due to increased physical gold buying amid the trade war. This figure represents a doubling of the import levels observed during the 2020 pandemic, indicating a significant shift in market dynamics. The data suggests increased demand for gold as a safe-haven asset, which is crucial for traders considering the impact of geopolitical tensions on commodity prices.

According to The Kobeissi Letter, US gold imports reached a record $30.4 billion in January, as reported by ZeroHedge, marking a second consecutive month of sharp increases. This figure is double the amount seen during the 2020 pandemic, indicating heightened investor concern and a flight to gold, which is often seen as a safe haven during economic downturns. These trends suggest that gold is trading as if the economy is in a depression.

According to The Kobeissi Letter, US gold imports reached a record $30.4 billion in January, as reported by ZeroHedge. This marks a significant trading uptick, with imports doubling the amount seen during the 2020 pandemic. Such data indicates a substantial market shift, suggesting that gold is being traded as if the economy is in a depression.