The US dollar has become so weaponized that central banks are snapping up politically-neutral gold
Gold is seen as a politically neutral, safe asset, insulated from sanctions. China has doubled down on the metal in the last eight years.
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Gold could soar 25% in the next 18 months as Middle East tensions and Fed easing boost the precious metal, Citi says
Citi strategists wrote in a recent note that they see gold soaring past $3,000 per ounce in the next six to 18 months.
Read MoreThe Chinese are piling into gold as stocks falter and the property market crumbles
The rush to the safe haven asset indicates uncertainty around China's financial health as stocks slump and real estate remains in the doldrums.
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