The United States holds 8,100 tons of gold, and in theory, a rise in gold prices would be most beneficial to the U.S. So why does the U.S. still take the lead in suppressing the rise in gold prices? Today, I’ll share the real underlying logic behind this:

1. Dollar supremacy comes first

Compared to the profits brought by rising gold prices, the U.S. places greater emphasis on maintaining the dollar’s international dominance. Sustained increases in gold prices are often correlated with a weakening dollar, which could shake the confidence of countries and institutions reliant on the dollar system, putting pressure on the existing Western-dominated financial order.

2. Competing for gold pricing power

In recent years, the trading volume of the Shanghai Gold Exchange has grown significantly, with total turnover reaching 35.82 trillion yuan in 2024, an 83.46% year-on-year increase. It has gradually become a key hub for global gold circulation and settlement, directly challenging Wall Street’s long-held monopoly on gold pricing. The U.S. is suppressing gold prices this time to send a clear signal to the market: gold pricing power remains under U.S. control. The aim is to curb the influence of the Shanghai Gold Exchange and reaffirm its dominance in the international gold market. Simply put, it’s about telling everyone, “I’m the boss. Anyone who dares to challenge the boss’s position must be dealt a heavy blow.” In short, the U.S. is suppressing gold prices not because it doesn’t value gold’s benefits but because it prioritizes dollar hegemony and financial system control at a strategic level, using price manipulation to maintain its dominance in global gold pricing.