Dollar’s Role as World Reserve Currency Is at Risk

Goldman Sachs says the U.S. dollar’s reign as the world’s reserve currency is coming under threat, as evinced by the recent surge in gold prices, Bloomberg reports.

“The greenback faces several risks, including that the U.S. Federal Reserve may shift toward an ‘inflationary bias,’ a rise in political uncertainty and growing concerns surrounding another spike in coronavirus infections in the country… They added that the debt buildup as a result of the pandemic may lead to debasement fears.”