Dedollarization Could Be Powering the Current Gold Boom
The price of gold rose by over 6% last week, making this one of its strongest performances thus far into the year. While geopolitical and economic instability have long influenced the demand for this precious metal, a growing trend where countries reduce their reliance on the U.S. dollar seems to be playing a role behind the current surge. Nations are diversifying reserves, inflation fears are rising, and institutional investors are turning to gold-backed assets. This shift, often referred to as dedollarization, is prompting many investors and governments to seek more independent and stable stores of value, with gold emerging as…
