I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?
Gold has been in existence for a very long time now and even in the ages people use it as a reserve and the worth of gold will not die some countries even prefer gold to use us dollar as their foreign reserve and this is their choice they want to make a difference about everything but only a few countries use gold as there reserve and even the USA use gold except for now that they are trying to divert there reserve into bitcoin and if eventually, the decision of trump favors bitcoin then it will make more sense to the holders.
If the dominance of the US dollar decreases, then gold reserves will automatically increase and people from different countries will continue to invest in gold. Donald Trump's imposition of tariffs on various countries will be responsible for the decline in the dominance of the US dollar. Moreover, due to such volatile market conditions in the Bitcoin market, Bitcoin investors are becoming interested in investing in gold.
for some time now a lot of countries have used the us dollar so the dominance keeps increasing and people are still using it eventually does that don't want to use the us dollar will have to use gold as an option and it will be beneficiary for the gold market, I don't know if the increase in tariff will change countries mind but what I know is that over time there will be great variation between the currencies because of most of this polices.