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Central Banks Look to Increase Gold Reserves as Geopolitical Worries Mount

Por: MarketWatch Business May 30, 2023

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In particular, emerging market central banks were more keen to increase reserves of the precious metal, the industry body said, while 71% of the survey's respondents expected overall central bank gold holdings to rise this year, compared with 61% last year. Gold, which has long been used as a store of value and hedge against economic strife, is still seen as attractive by central banks, according to Shaokai Fan, head of central banks at the... + full article



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