Central banks have been buying gold aggressively since 2022 as a response to USD reserve weaponization, and gold has rallied 70% in that window.
The headline can be erroneously interpreted as de-dollarisarion.
> The headline can be erroneously interpreted as de-dollarisarion.
These statements appear somewhat contradictory. If reserves are buying gold instead of dollars and the effect is that the value of gold is increasing, wouldn't the underlying reason still be de-dollarisation?
Central banks and the IMF only own less than 20% of all the gold ever mined: it's probably not the one or two additional percent they bought that made the prices skyrocket by 70%.
For example used supercars and hypercars' values have gone through the roof too: and that's for sure not because central banks are stockpiling those.
Causation / correlation and all that.
The dumbest thing the US has ever done. It's like a tech company intentionally sabotaging its own customer ecosystem...