Global trend of de-dollarization is one of the reasons for rising gold price

The price of gold has been refreshing all-time highs since earlier this year and global investors have been snapping up gold which they see as a safe haven against a complicated global geopolitical landscape. Speaking of gold makes us think of the US dollar. On October 22, 2024, when US Secretary of Treasury Janet Yellen was asked about whether the status of the US dollar as a global reserve currency was stable, the Treasury Department seal crashed to the ground. Talking Business believes that the global trend of de-dollarization is one of the reasons for rising gold price.