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Countries Increase Gold Reserves Amid Rising Demand
The article reports on a surge in global central bank purchases of gold, as many nations seek to diversify their reserves amid economic and geopolitical uncertainties. A survey indicates that 89% of central banks expect their gold reserves to grow over the next year, with nearly half planning to add to their holdings. This trend reflects concerns over inflation, instability, and the U.S. dollar’s declining share in global reserves, prompting countries to view gold as a safe asset. Meanwhile, individual investors are holding onto gold, seeing it as long-term financial protection amid economic unpredictability.
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