Central Banks and Investors Flock to Gold Amid Dollar Decline
TL;DR Summary
Central banks worldwide are increasing their gold reserves despite record-high prices, viewing gold as a strategic, liquid asset to diversify holdings and hedge against geopolitical and economic uncertainties, including concerns over the U.S. dollar and fiat currencies.
- Gold prices are so high, even central banks are feeling FOMO MarketWatch
- GLD: Central Banks Are Dumping Dollars And Hoarding Gold - Strong Buy (NYSEARCA:GLD) Seeking Alpha
- Everyone Wants Gold: ETFs and Central Banks Can’t Get Enough ETF.com
- Central banks have been buying a squillion tonnes of gold, promise Financial Times
- Gold Is Chipping Away at the Dollar’s Reserve Status The Wall Street Journal
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