Gold prices surge to record highs as de-dollarization trends accelerate

tamil.indianexpress.com (Tamil)

Gold prices hit a record high of $5,000 per ounce as the US dollar weakened significantly. This surge is attributed to de-dollarization policies and investor confidence shifts. Central banks and investors are increasingly turning to gold as a safe haven asset. India's foreign exchange reserves now hold 17% gold, up from 12% last year, reflecting this trend. Global nations are diversifying away from the dollar due to concerns over US economic policies and sanctions, leading to a decline in the dollar's global share.


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