Amundi Reports Capital Fleeing USD, Boosts Gold Holdings as US Isolationism Grows

Europe's largest asset manager Amundi SA states that rising US isolationism is driving global investors away from dollar assets and into gold. Chief Investment Officer Vincent Mortier cited US fiscal deficits, Fed policy uncertainty, and geopolitical tensions as key factors fueling de-dollarization trends. Amundi has consistently increased gold holdings over the past 2.5 years, viewing the metal as an effective hedge against currency devaluation. Gold prices surged to $5,100.84/oz on January 27, up 85% over 12 months, while the Bloomberg Dollar Index fell 8.5%. Analysts project gold could reach $6,000-$7,150 in 2026 due to sustained central bank and retail demand, though short-term corrections are possible if US rate cut expectations diminish.