Central banks accumulate gold due to global uncertainty, trade tensions, and financial conflicts, led by Turkey, India, and China.
Central banks are accumulating large quantities of gold due to global uncertainty, trade tensions, financial conflicts among major powers, record-high interest rates in advanced economies, and ongoing wars, particularly in the Middle East. The World Gold Council ranks countries with the highest gold reserves, with Turkey, India, and China leading the way in recent purchases. Gold reserves are seen as a stable and reliable store of value, aiding in bolstering economic stability.
May 05, 2024
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