Gold continues to drift to all-time highs in nearly all fiat currencies globally. 🌎
The global order continues to change.
What is going on?
1. The Peoples Bank of China increased gold holdings by 24.9 tons in February
2. OPEC+ is flexing its power in the oil market
3. The Middle East is realigning
4. Saudi Arabia continues to strengthen ties with China
5. Iran's President is planning to visit Saudi Arabia
6. China has expressed a willingness to engage in discussions with regarding the establishment of an Asian Monetary Fund with Malaysia
7. Malaysia's Prime Minister says Malaysia has no reason to continue depending on the dollar.
China has reported four consecutive months of gold buying, cutting US Treasury holdings to their lowest level since the last global financial crisis.
Things are changing in real time.