Central banks to boost gold reserves despite declining prices
Central banks are expected to boost their stockpiles of gold over the next 12 months to help fight off economic and geopolitical shocks, despite the asset's declining price, the World Gold Council has said. Nearly 90 per cent of survey respondents said gold reserves at apex banks will rise in the ne
AI Translated Summary:
Central banks are anticipated to increase their gold reserves over the next year to mitigate economic and geopolitical uncertainties, according to the World Gold Council. This move comes even as gold prices continue to decline.
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