Central Banks Drive Gold Rally as they Find Reason to De-dollarize

Central banks are driving the gold rally as they find new reasons to de-dollarize – Bloomberg strategist Simon White   (Kitco News) – While the weaponization of the dollar is a major issue, U.S. fiscal deficits and the greenback’s weakness down the road are also driving the world’s central banks to accumulate gold, according to Bloomberg macro strategist Simon White. “Powell might not be overly worried about inflation – with his recent comments reiterating the Federal Reserve is on track to cut rates this year – but other central banks are not so relaxed,” White wrote. “Gold’s new high signals…