Venezuela, dédollarisation, guerre commerciale… Pourquoi l’or atteint des sommets ? - Jeune Afrique

Gold prices have reached unprecedented levels in recent months, climbing above $2,500 per ounce as multiple macroeconomic pressures converge. While precious metals typically attract attention during times of uncertainty, the current rally reflects a more profound shift in global financial architecture—one with significant implications for European investors operating across African markets. The catalyst for gold's ascent is multifaceted. Venezuela's ongoing economic crisis has intensified demand for hard assets as the nation's currency loses purchasing power. This Venezuelan case study exemplifies a broader trend sweeping through developing economies: central banks and private citizens alike are actively reducing their dependence on the U.S. dollar. This de-dollarization movement, once dismissed by mainstream economists, has accelerated dramatically, with nations diversifying reserves into gold and alternative currencies. Simultaneously, escalating trade tensions between major economic powers—particularly between the United States and China—have created additional safe-haven demand. When geopolitical and commercial uncertainties rise, investors historically pivot toward gold, driving valuations higher. The combination of de-dollarization pressures and trade warfare creates a perfect storm for precious metals markets. For European entrepreneurs and investors, this gold rally presents both challenges and opportunities. The stronger precious metals market directly impacts mining jurisdictions across Africa, where European capital has traditionally played