Central Banks Boost Gold Reserves Amid Eroding Faith in U.S. Treasuries
TL;DR Summary
For the first time since 1996, central banks hold more gold than U.S. Treasuries, reflecting a shift towards hard assets amid geopolitical risks and a move away from dollar-denominated securities, with gold's share of reserves rising to about 18% in 2024.
Topics:business#central-banks#de-dollarization#finance#gold-reserves#safe-haven-assets#us-treasuries
- Central Banks Now Hold More Gold Than U.S. Treasuries Visual Capitalist
- Gold Rally Points to Eroding Faith in Central Banks Worldwide The Wall Street Journal
- Central bank gold statistics: Central bank gold buying rebounds in August | Post by Krishan Gopaul | Gold Focus blog World Gold Council
- Julius Baer lifts gold target to $4,500, sees CB buying lasting up to five years Investing.com
- Gold rush! Despite gold prices at record high, central banks add yellow metal to forex portfolio; but RBI Times of India
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