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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