Central Bank Hedging Triggered Gold Fever KUALA LUMPUR, Malaysia, March 24 (IPS) - In mid-1971, US President Nixon ended the dollar’s gold peg at $35 per ounce, triggering de-dollarisation. The 2025 gold and silver rush followed private speculators trying to profit from central banks hedging against perceived new risks.

While the US weaponized the dollar through #sanctions and #AssetFreezes to enforce geopolitical goals, it inadvertently convinced the rest of the world that holding #dollars was too risky, accelerating the very collapse of #DollarDominance it tried to prevent