Central banks are bringing gold reserves home as geopolitical risks rise

Israel

More and more central banks are storing gold bullion at home rather than overseas, as they expect to buy more of the safe-haven asset amid heightened geopolitical tensions. These are among the findings of the World Gold Council's annual Central Bank Gold Reserves survey. It found that monetary authorities still see gold as a key hedge against inflation, geopolitical shocks and currency risk, despite a recent pullback in prices during the Iran conflict. Central banks have bought an average of 1,

Tag-uri: Inflatie

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