Central Banks
Central Banks Plan to Boost Gold Reserves Amid Heightened Risks
- About 20 banks expect to raise gold holdings: WGC survey
- Central bank buying underpinned gold’s record-breaking rally
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A large number of central banks are still planning to buy gold in the coming year, spurred by heightened geopolitical and financial risks.
About 20 central banks expect to raise their holdings, according to a World Gold Council report. That’s the highest since the WGC started its gold reserves survey in 2018.