The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

• Gold prices are reaching record highs because of strong buying by central banks.
• Central banks in countries aligned with China are diversifying their assets from the US dollar into gold.
• Central banks are favoring gold as a politically neutral, safe asset, insulated from sanctions.

Gold prices are on a tear recently thanks to strong buying by central banks — a signal that the precious metal is increasingly seen as a geopolitical hedge.