Baghdad, Iraq — Financial expert Mustafa Hantoush says gold continues to serve as one of the world’s most important pillars of trade, even decades after the global economy shifted from a gold standard to the U.S. dollar.
In an interview with DinarOpinions.com, Hantoush explained that whenever confidence in the dollar weakens, central banks and major financial institutions turn to gold as a “safe haven,” reinforcing its global importance.
He noted that geopolitical tensions and trade disputes—particularly during Donald Trump’s presidency, when tariffs were imposed and trade agreements like Bretton Woods were challenged—have intensified gold price volatility.
Hantoush added that the U.S. Federal Reserve’s interest rate hikes, such as the 25-basis-point increase, inflated the dollar’s nominal value while reducing its real purchasing power, contributing to subsequent rises in gold and real estate prices.
The researcher also highlighted that declining global gold production amid growing population and economic demand naturally supports a long-term upward trend in prices. Short-term spikes, however, often stem from temporary political or economic tensions.
Concluding his remarks, Hantoush emphasized that gold has evolved beyond a mere investment commodity.
“Gold today is a mirror of global financial balance,” he said. “Its value reflects the world’s confidence in the dollar and the stability of the international trading system.”
