Economic Pulse: Why Are Central Banks Dumping Dollars for Gold?
This growing trend may signal a potential rethinking of global reserve strategies and challenges to the dollar’s dominance ahead
The historical dominance of the U.S. dollar, established through milestones like the Bretton Woods system, the petrodollar arrangement, and its reputation as a safe-haven currency, remains a significant force in global finance. Yet, the foundations that once secured its supremacy now contribute to a gradual shift as central banks increasingly diversify their reserves.
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