29% of central banks plan to expand gold reserves within 12 months, per WGC's annual survey.
29% of central banks plan to expand gold reserves within 12 months, according to the World Gold Council's (WGC) annual survey. Central banks have increased demand for gold in recent years, diversifying foreign currency reserves, and contributing to gold price rallies. Despite rising prices, many reserve managers remain optimistic about gold. The WGC survey, conducted between February and April, included 69 responses.
June 18, 2024
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