Gold prices have once again shattered records, reaching $2,900 per ounce for the first time in history, as demand for the yellow metal continues to surge worldwide.
In January, European gold-backed ETFs charted the largest inflow of metal in more than two years, driving global ETF gold holdings higher to kick off 2025.
While the idea of the US revaluing its gold remains largely speculative, history shows that major changes in gold’s monetary role are not unprecedented.
This could mean that if President Trump follows through with this proposal it will further push Saudi Arabia away from the United States and toward the BRICS alliance.
