⛏Gold Futures
GOLD
± MixedMonetaryrelevance
Article notes gold price rise driven by ETFs and stablecoin issuers, not central banks, implying limited shift away from dollar dominance; no direct impact on gold futures.
Impact on assets 1
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IMF chief economist Pierre-Olivier Gourinchas said the global economy remains firmly dollar-centered despite shifting trade flows and rising gold prices. In a Reuters interview, he noted that even sharp increases in gold prices have been largely driven by gold exchange-traded funds and stablecoin issuers holding gold as an asset, rather than central bank buying. Gourinchas stated that there is very little movement indicating a shift away from a dollar-centered world, though he acknowledged that could change at some point.
Article notes gold price rise driven by ETFs and stablecoin issuers, not central banks, implying limited shift away from dollar dominance; no direct impact on gold futures.