Gold surges 14% amid de-dollarization

Central banks globally are on a gold buying spree, a strategic move to lessen dependence on the U.S dollar also known as de-dollarization. With the price hovering around $2,300 and investors eye on this metal rise, Zimbabwe joins the bandwagon with their new gold-backed currency, the ZiG. To understand how the dollar's decline impacts gold and the reasons behind de-dollarization, CNBC Africa is joined by Rufas Kamau, Lead Market Analyst at FXPesa.
Mon, 15 Apr 2024 15:01:53 GMT