Trump's Interventionism Sparks De-Dollarization Concerns, Jefferies Sees Gold as Safe Haven

Odaily News Jefferies economist Mohit Kumar stated in a report that President Trump's interventionist regime could accelerate the de-dollarization process, weakening its status as the world's reserve currency. He noted, "Under the new political order, countries will reduce their reliance on the US dollar as their reserve currency." Kumar believes that the best way to diversify dollar risk is to increase holdings of gold and bulk metal assets. (Jin10)