[Barclays: Rising Gold Prices Highlight Market's Lack of Confidence in Global Fiscal and Monetary Policies] Ajay Rajadhyaksha, Chairman of Global Research at Barclays, pointed out in the latest report that the continuous rise in gold prices reflects the market's distrust of the current global fiscal and monetary policy framework. He mentioned that the debt levels of the United States, the United Kingdom, France, and Japan have all exceeded 100% of their respective GDPs, and fiscal conditions are still deteriorating, while these countries lack the political will to drive fiscal consolidation. Additionally, he noted that the appeal of traditional safe-haven assets such as the Japanese yen and the Swiss franc is declining. Rajadhyaksha emphasized that gold typically performs strongly during periods of economic instability or financial market crises. Although financial markets are currently stable, the upward trend in gold prices should draw significant attention from policymakers.