U.S. Treasury Secretary Scott Bessent suggested that the United States might consider abandoning the dollar system if there is no cooperation from international partners. The dollar has recently been under pressure with indices showing a decline, raising concerns about economic stability. Gold prices have risen significantly as investors seek safe-haven assets, with predictions for gold reaching $4,700 by August 2026 seeing odds jump from 59% to 80.6% in just 24 hours.
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