Central Banks' Gold Purchases Not Anti-Dollar, Warns Economist

Economist Barry Eichengreen expresses concern over potential dollar collapse

Gold prices have surpassed $4,600 per ounce and the US dollar index has fallen to its lowest level since May.

Eichengreen attributes central banks' gold purchases not to a vote against the dollar, but to a structural catch-up process.

The economist notes that most of these purchases occurred before 2025's Liberation Day, when he began to worry about market confidence in the US dollar collapsing.