Central banks set to buy record gold

A survey revealed that 45% of central banks plan to purchase gold over the next year, the highest rate since data collection began in 2018. Most of them are inclined to increase their holdings through local programs. Despite this year's decline in prices due to tensions in the Middle East and expectations that interest rates will remain high, many banks still see opportunities to buy, especially in emerging markets, by diversifying their reserves across different storage centers such as London, Singapore, and Hong Kong.

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