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Thursday, October 12, 2023

Global central banks are hoarding gold like never before as they seek to reduce 'overconcentration' of dollar reserves

 https://markets.businessinsider.com/news/commodities/de-dollarization-global-central-banks-are-hoarding-gold-like-never-before-2023-10

Global central banks have been snapping up record amounts of gold since the start of 2022 - a trend that should  continue as countries look to move away from an "overconcentration" of reserves in the dollar, according to State Street Global Advisors.

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