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Gold Trades at Record High as Dollar Plunges to a Three-Year Low as Trade Wars Continue
US Morning News Call | China Raises Tariffs on U.S. Goods to 125%
The dominance of the US dollar is faltering! Global de-dollarization is accelerating, and the euro and Gold have become the new favorites.
Bank of America pointed out that the dollar's share in Global Forex reserves has decreased from 66% in 2015 to less than 58% in the third quarter of 2024, and the attraction of U.S. Treasuries has also significantly declined. The three major factors that previously restricted the Euro have all been reversed, and central banks' Gold Buy volumes have exceeded 1,000 tons for three consecutive years. These two Assets are becoming a new direction for central banks' diversified allocation.
Gold Prices Hit Record High Above $3,200 as Trade War Fears Boost Haven Appeal
Gold Price Hits New All-time-high Above US$3,200. Can It Keep Going?
Gold Miners Rally As Bullion Hits $3,212: Trump Tariffs Fuel Over 20% Year-To-Date Surge Across Sector