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Tell Me Why: Nations are ditching dollar for gold

Gold has shattered every record — crossing $4,000 an ounce and shaking the foundations of global finance. But this story isn’t just about price—it’s about power. 


As central banks from China to Pakistan quietly replace U.S. dollars with gold, the world’s financial map is being redrawn.

 

This explainer unpacks why nations are hoarding gold like it’s the last lifeboat on a sinking ship, how America’s financial weaponization sparked a global rethink, and what it all means for ordinary Pakistanis now paying record prices at home. 


From Wall Street to Saddar Bazaar, this is the story of trust, fear, and the world’s search for a new currency of confidence.