Business & Economy

US Treasury Bonds Lose “Safe Haven” Status, Gold Surges: Rosneft CEO

© AP Photo / Jacquelyn MartinPresident Donald Trump attends a dinner with leaders from countries in Central Asia, Thursday, Nov. 6, 2025, in the East Room of the White House in Washington
President Donald Trump attends a dinner with leaders from countries in Central Asia, Thursday, Nov. 6, 2025, in the East Room of the White House in Washington - Sputnik India, 1920, 25.11.2025
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Beijing (Sputnik)– Igor Sechin, CEO of Rosneft and Secretary of the Presidential Commission on Energy Strategy Development, has warned that U.S. Treasury bonds are gradually losing their “safe haven” status, with gold emerging as a preferred alternative for investors.
Speaking at the opening of the "7th Russia-China Energy Business Forum (RCEBF)" in Beijing, Sechin highlighted the weakening position of the U.S. dollar as both a payment instrument and a global reserve currency. He attributed this decline to the use of the dollar as a tool for sanctions.
"The position of the dollar is weakening not only as a payment instrument but also as a global reserve currency. This is driven by its application as a sanctions weapon," Sechin said.
He further noted that global developments are creating conditions for alternative financial instruments, particularly gold, which has historically seen price increases ahead of global crises.
"Gold today is taking the place of U.S. Treasury bonds, which are gradually losing their ‘safe haven’ status," Sechin concluded.
The remarks reflect growing discussions among global investors and policymakers about diversifying reserves and hedging against geopolitical and financial uncertainties. The trend underscores the potential shift in global financial dynamics, particularly in response to economic sanctions and the evolving role of the dollar in international trade.
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