New Delhi, Oct. 9 -- Gold seems to be on an unstoppable uprun. The yellow metal is crossing one milestone after another. It smashed past the $4,000 per ounce level globally and touched Rs.1,22,000 per 10gm in India on Wednesday.

Since Donald Trump entered the White House for the second time, its price has risen by 50%. This is no coincidence. Trump's policies have created sufficient geopolitical and economic uncertainty around the world to send investors into the safety promise of gold. Even central banks seem to be using it to hedge some of their exposure to US Treasury bonds.

Given the tendency shown by the US to weaponize its dominance of global finance, it's no surprise that countries are looking to ease their dependence on the doll...