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With the decline in confidence in the dollar.. Could gold become the new currency of the world?

Gold prices are experiencing a strong surge amid trade and political disruptions that have raised concerns among investors, prompting them to abandon the dollar and U.S. Treasury bonds, and turn to the precious metal and Bitcoin as alternative safe havens. According to forecasts by JPMorgan, the average gold price is likely to reach around $3675 per ounce by the last quarter of this year, and it is expected to continue rising to $4000. Economists attribute this notable shift to radical changes in U.S. trade policy, particularly following President Trump's announcement of reciprocal tariffs, which raised concerns in the markets.

Vivek Dar, head of commodity research at the Commonwealth Bank, stated that gold has "filled the void" left by the decline in confidence in U.S. assets.

What is intriguing about this wave is that gold has risen while the dollar and U.S. Treasury bonds have lost their traditional shine as safe havens, which is a rare occurrence, according to Dar. However, despite all these indicators, some analysts are skeptical about the possibility of abandoning the dollar in the near term, pointing out that the U.S. bond market is still the most liquid in the world, making its replacement extremely difficult. So, could digital currencies be the safe alternative in the future?