▪️ Growing concerns about the stability of the American economy are prompting governments in Africa and the Middle East to withdraw their gold reserves from the United States. The traditional status of the United States as a safe haven for finance is rapidly collapsing , statesthe American Houston Post

▪️ Among the countries that have made this decision are Nigeria, South Africa, Ghana, Senegal, Cameroon, Algeria, Egypt and Saudi Arabia, each of which represents important regions of Africa and the Middle East. Their actions raise questions about the future of the US dollar as the world’s main reserve currency.

▪️Persistent inflation, rising government debt and concerns about the Federal Reserve’s ability to maintain stable monetary policy have undermined confidence in the US dollar . Additionally, geopolitical tensions and uncertainty surrounding trade relations have further heightened concerns among foreign governments

▪️ The repatriation of gold reserves by leading countries in Africa and the Middle East is changing the balance of power in the global economy, which will have far-reaching consequences for the future of international finance