CD Markets’ judgment: Although Fort Knox gold’s accounts are complete, it has been decoupled from the US dollar, and the market’s trust in the legal currency system has increased. The petrodollar system is loosening, global de-dollarization is accelerating, and the proportion of U.S. dollar reserves has dropped to 57%, a 25-year low. Short-term interest rates suppress gold prices, and the weakening of long-term U.S. dollar credit supports the revaluation of gold as an asset without sovereign credit risk.