FT: Why the west should be paying more attention to the gold price rise

FT: Why the west should be paying more attention to the gold price rise

Buying of the precious metal reflects rising interest in alternatives to the dollar-based financial system
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Gold's recent surge, decoupling from traditional factors like interest rates and inflation, reflects growing interest in alternatives to the dollar-based financial system. As geopolitical tensions rise and countries like China and Russia seek to reduce reliance on the US dollar, gold's appeal strengthens. Central banks are diversifying reserves, signalling a shift away from dollar dominance. This trend risks fragmenting the global financial system, potentially diminishing US influence and national security.

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By Mohamed El-Erian*

Buying of the precious metal reflects rising interest in alternatives to the dollar-based financial system

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