Goldman Sachs Strategist Warns of 'Real Concerns' Over US Dollar

[Riya143]

More strategists at major banks are voicing out their opinions about the position of the US dollar today, as well as its longevity. With the recent gold price rally, and fuelled by the ongoing and growing socio-economic issues, the USD's position as the world's reserve currency might be threatened.

"Real concerns around the longevity of the US dollar as a reserve currency have started to emerge. [...] Gold is the currency of last resort, particularly in an environment like the current one where governments are debasing their fiat currencies and pushing real interest rates to all-time lows," Daniel Sharp, a strategist at investment banking giant Goldman Sachs, was quoted as saying by Bloomberg.
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