According to reports from the World Economic Forum, a strong wave of de dollarization is unfolding as global central banks aggressively shift reserve assets from paper to gold, pushing the precious metal to record growth.
🔸 A World Gold Council survey indicates that 95% of central banks expect to continue buying gold in the future. This buying pressure has contributed to a more than 64% rise in international gold prices this year, marking the largest annual increase since 1979.
🔸 IMF data shows that the dollar share of global foreign exchange reserves has officially fallen below 60%, hitting a multi decade low. Analysts notes that gold is becoming a more valued reserve asset compared to US Treasury bonds.
🔸 This action is interpreted by the market as a strategy to use physical assets with no sovereign credit risk to hedge against deep seated anxieties about the credibility and stability of the greenback. $XAG
When 95% of the world biggest players simultaneously bet on $XAU and reduce USD exposure, is this a sign of the end for the US Dollar absolute hegemony?
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