Gold is now the top reserve asset. Is dollar dominance at risk? | Business and Economy

Gold is now the top reserve asset. Is dollar dominance at risk? | Business and Economy


www.aljazeera.com

Gold now accounts for 27 percent of global reserve holdings, overtaking US Treasuries as the world’s largest reserve asset.

For decades, United States assets were the world’s ultimate safe haven.
Now, central banks are buying gold at a record pace.
China is pushing to expand the yuan’s role in the global financial system.
And BRICS nations are trying to reduce their dependence on the dollar.
The Iran conflict, the US’s rising debt burden and uncertainty about President Donald Trump’s tariffs are all taking their toll.
Yet the greenback still dominates global trade, finance and foreign exchange.
The world is not abandoning the dollar just yet – but the search for alternatives is accelerating.



Source link

Share this post :

Facebook
Twitter
LinkedIn
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

Create a new perspective on life

Your Ads Here (365 x 270 area)
Latest News
Categories

Subscribe our newsletter

Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.