Not verified but not illogical either……….anyone have a 2nd source?

For those who don’t know,

The petrodollar was established in 1974, three years after the U.S. abandoned the gold standard.
Under the Petrodollar Agreement, Saudi Arabia agreed to sell oil exclusively in U.S. dollars in exchange for U.S. military, security, and economic development assistance.

Now you know why Gold is moving.