(Kitco News) – As President Donald Trump escalates the trade war with the threat of a new 50% tariff on European imports, a Washington-based think tank warns that such policies could drive nations toward gold.In a recent opinion piece, Kimberly Donovan, Director of the Economic Statecraft Initiative, and Maia Nikoladze, Associate Director at the Atlantic Council, argued that countries—especially emerging markets—are turning to gold as a global currency to sidestep potential U.S. sanctions.
