5 months ago
25
The de-dollarization communicative is yet to dice down completely. With Donald Trump engaged deploying assertive tariffs connected nations, the retaliatory forces person go rather active, mulling implicit launching counter-tariffs connected the US. At the aforesaid time, 2 starring economies person decided to ditch the US treasury bonds, ending their reliance connected the US dollar to container golden successful an effort to stabilize their economical strata. Will this improvement derail the US economical anatomy and usher successful de-dollarization? Let’s find out.
Also Read: Changpeng Zhao’s Personal Crypto Portfolio Unveiled—What’s Fueling His Fortune
India and China Are Bagging Gold
Source: FinboldIndia and China, the 2 planetary superpowers, person decided to beryllium connected golden and person decided to determination distant from US Treasury bonds. Per a caller station uploaded by the Kobeissi Letter, India and China person lately been diversifying their holdings, moving distant from the dollar successful each ways. This includes a signifier successful which some nations person dumped US Treasury bonds and are consistently accumulating golden astatine a accelerated pace. This determination is sparking de-dollarization fears, mounting further pressure.
Per KL, India has tripled its golden reserves successful the past 10 years. The station outlined however India’s golden reserves are presently valued astatine $70.9 billion. On the different hand, China is besides aggressively pivoting towards gold, with its reserves amounting to $73.5 cardinal implicit the past 10 years.
“Gold request successful Asia has ne'er been stronger: China’s golden reserves deed a grounds $73.5 cardinal past month. India’s golden reserves reached $70.9 billion, besides an all-time high. Over the past 10 years, India’s reserves person much than tripled portion China’s reserves person much than doubled. Both China and India person been diversifying retired of US Treasury bonds and reducing dependence connected the US Dollar. Meanwhile, planetary golden request jumped 24% year-over-year successful 2024 to a grounds $382 billion. Gold is the planetary hedge.”
Gold request successful Asia has ne'er been stronger:
China’s golden reserves deed a grounds $73.5 cardinal past month.
India’s golden reserves reached $70.9 billion, besides an all-time high.
Over the past 10 years, India’s reserves person much than tripled portion China’s reserves person much than… pic.twitter.com/ildDCvkIH5
Also Read: Ethereum & Solana Crash Double Digits Today: Why Is ETH & SOL Falling?
Trump Resumes Tariffs connected Mexico and Canada: Is This the Start of a Trade War?
The US president, Donald Trump, has decided to spell up with this determination of imposing 25% tariffs connected Mexico and Canada. In 1 of his caller interviews, Trump shared the intent down his assertive tariff policy, adding however it volition greatly payment America. However, the determination has sparked planetary commercialized warfare fears, with markets showing signs of volatility and distress.
JUST IN: 
President Trump says 25% tariffs connected Canada and Mexico volition spell forward.
"It volition beryllium precise bully for our country. Our state volition beryllium highly liquid and affluent again."
pic.twitter.com/dVwBylwFbl
The satellite markets reacted to Trump’s tariff announcement negatively, with the crypto marketplace flashing heavy red. Post the aforementioned announcement, Bitcoin fell beneath $92K, erasing astir $340 cardinal from the market.
JUST IN: $340 cardinal liquidated from the cryptocurrency marketplace successful the past 60 minutes.
— Watcher.Guru (@WatcherGuru) February 24, 2025Also Read: Why Are Dogecoin & Shiba Inu Falling By Over 10% Today?
English (US) ·