The Dollar's Downfall: A Gold Standard Reborn? The US Treasury's decision to increase buybacks of long dated bonds has sent shockwaves through global markets, causing the dollar index to plummet to a 2. 5 month low.
As the dollar weakens, gold is gaining traction as investors seek safer havens from economic uncertainty.
This development is not merely a reaction to short term market fluctuations but rather a symptom of deeper structural changes in the global economy.