Uncertainty caused by the trade war has made gold popular among central banks again. Photo: Shutterstock
Joshua Rotbart
Opinion

Opinion

Macroscope by Joshua Rotbart

How gold has become a hedge against a ‘weaponised’ US dollar for countries like China, Russia and others

  • Amid an escalating trade war, both Beijing and Moscow have diversified away from US dollar holdings to reduce Washington’s economic leverage and minimise future exposure to tariffs and sanctions. For them, and others, gold remains a safe haven

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Uncertainty caused by the trade war has made gold popular among central banks again. Photo: Shutterstock
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The focus is on US President Donald Trump and the summit host, French President Emmanuel Macron, as G7 and EU leaders get together for a working session on international economy, trade and security, in Biarritz on August 25. Photo: AFP
Brian P. Klein
Opinion

Opinion

Brian P. Klein

Donald Trump’s policy mood swings and trade chaos are making world leaders weary

  • China refuses to back down, Japan studiously avoids affronts and Europe vacillates between facing off and ignoring Trump altogether
  • With elections looming, the US president will only become more unpredictable, and the risk is that exasperated world leaders may be tempted to follow suit

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The focus is on US President Donald Trump and the summit host, French President Emmanuel Macron, as G7 and EU leaders get together for a working session on international economy, trade and security, in Biarritz on August 25. Photo: AFP
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