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Listen "CutTheClutter: Weakened Dollar, Trump factor & geopolitics: Why countries are stocking gold, dumping US treasuries"
Episode Synopsis
Central banks hold more gold than US treasuries now. Behind the recent increase in gold's purchase by countries' central banks are three factors- a weakened dollar, uncertainty post Trump assumed office & geopolitics. Central banks' purchase of gold is also driving up its price which has increased by 35% this year. ThePrint Editor-In-Chief Shekhar Gupta explains why countries are stocking gold & dumping US treasury bonds, and how geopolitics is driving this.
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