INSUBCONTINENT EXCLUSIVE:
(Analysis) The price of gold has shown remarkable behavior in recent months
The precious metal has reached new records, surpassing $2,700 per troy ounce.This steady rise draws attention due to its resilience against
factors that typically affect its value
Traditionally, gold reacts to changes in interest rates, inflation, and dollar value.However, its recent trajectory seems to defy these
The metal maintained its ascent even with significant variations in these economic indicators.An intriguing aspect is the linearity of
Small dips only served to attract more buyers, driving new highs
This pattern persisted despite fluctuations in interest rate projections and U.S
Although the S-P 500 index rose about 35% in the same period, the correlation between gold and stocks is uncommon.The Golden Signal: Nations
Seek Alternatives to Dollar Hegemony
(Photo Internet reproduction)Current geopolitical conflicts certainly contribute to interest in gold as a safe haven
However, the consistency of the rise suggests other factors are at play.A crucial element in this equation is the consistent demand from
Many countries seek to diversify their reserves, reducing dependence on the U.S
dollar.This trend reflects a loss of confidence in American management of the world economic order
The use of financial sanctions by the U.S
also influences this dynamic
The country developed alternative payment systems, although inefficient, that allows bypassing the dollar in some international
transactions.Shifting Global DynamicsThe U.S
stance in conflicts such as the Middle East also affects its global credibility
Many countries question American consistency in defending human rights and international law.These gradual changes in the global financial
system do not mean the immediate end of dollar dominance
No other currency is ready to assume its central role.However, the emergence of alternative trade and payment channels is a growing trend
transformation in international economic relations
This change may, in the long term, affect U.S
Western governments need to be aware of these trends.The fragmentation of the global financial system can have significant consequences for
the economy and international security
just a financial phenomenon
in shaping the future of global economic relations.
