LIVE MARKETS-Gold only real challenger to US dollar – Morgan Stanley
I'm PortAI, I can summarize articles.
Morgan Stanley reports that gold is emerging as the primary challenger to the U.S. dollar, which is losing its dominance in global markets. Gold's share in central bank reserves has increased significantly, with foreign central banks now holding more gold than U.S. Treasuries for the first time since 1996. This shift is attributed to geopolitical uncertainties, inflation hedging, and diversification strategies. Analysts predict continued accumulation of gold by central banks and a bearish outlook for the dollar due to fiscal strains and geopolitical risks.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments