Dark clouds are gathering over the US dollar. According to Reuters, US President Donald Trump’s isolationist trade policies are posing a serious threat to the greenback's global dominance. Analysts warn that his actions could accelerate de-dollarization, a scenario many see as dangerous and destabilizing.

Currency strategists at major banks are voicing growing concern that Trump's tariff agenda could undermine the dollar's standing. In particular, they question whether the greenback can maintain its traditional role as a safe-haven currency. Some believe the White House's protectionist stance could hasten the global shift away from the dollar.

A recent survey shows that 19 out of 51 currency strategists expect the dollar's reputation to take a hit, especially in the long term. According to George Saravelos, head of global research at Deutsche Bank, the safe-haven status of the greenback could erode. He attributes this gloomy scenario to deteriorating economic prospects in the United States and increasing instability in global legal norms. Against this backdrop, investors are finding fewer reasons to hold the dollar.

JP Morgan currency strategist Arindam Sandilya echoed this view, predicting a steady decline in the dollar's share of central bank reserves over the next two decades, prompting market participants to seek alternatives.

At the moment, gold appears to be the leading candidate. The precious metal has attracted strong inflows from investors looking for stability in an increasingly uncertain financial landscape.