Trump's interventionism sparks de-dollarization concerns, Jefferies favors gold's safe-haven attributes
According to Odaily, Jefferies economist Mohit Kumar stated in a report that President Trump's interventionist regime could accelerate the process of de-dollarization and weaken the US dollar's status as the world's reserve currency. He pointed out: "Under the new political order, countries will reduce their reliance on the US dollar as their reserve currency." Kumar believes that the best way to hedge against dollar risk is to increase holdings of gold and major metal assets. (Golden Ten Data)
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