21 October 2024
The recent surge in gold prices, reaching record highs despite fluctuations in traditional influencing factors, signals a significant shift in global economic dynamics. This trend reflects growing interest from China and other countries in diversifying away from dollar dominance, exploring alternative payment systems, and responding to perceived inconsistencies in US global leadership. The west should pay closer attention to this phenomenon, as it could lead to a fragmentation of the global financial system and erode US influence.