Gold-dollar dynamics: What the US ‘ashvamedha’ run and AI could mean global for investors
DXY measures the dollar’s strength against a basket of currencies. Gold, which was at $1,700 per ounce in September 2022, has more than tripled to $5,274 per ounce on 28 February. Over this period, the global de-dollarization narrative of a gradual erosion in the dollar’s use as a reserve currency gained momentum.
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