"The dollar is losing its relevance especially with the emergence of Asia economies, so a more neutral benchmark may be required. Gold, amid all the recent uncertainty, is proving its worth," said ANZ's senior commodity analyst Mark Pervan.
Leading economies should consider adopting a modified global gold standard to guide currency rates, World Bank President Robert Zoellick said on Monday in a surprise proposal before a potentially acrimonious G-20 summit.
We will see how rancorous the G20 will be.
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