**Gold: The Top Hedge Tool Amid the Decline of the 'Dollar Order'** (Author: Agarwood Capital) The dollar-dominated order is being revalued. Sanction risks, geopolitical conflicts, and uncertainties in U.S. fiscal and political landscapes are driving central banks and sovereign institutions to continuously increase their gold holdings, creating long-term, price-insensitive structural demand. Real interest rates and ETF flows have more impact on short-term fluctuations rather than long-term trends. On the supply side, production plateauing and rising costs provide mid-term support. As a result, gold is highly likely to enter a long-term trajectory of 'higher lows and continuous new highs,' becoming the top asset for hedging against dollar credit and sanction risks. Read more: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=56003