Central Banks Consider Boosting Gold Reserves
A report from the World Gold Council indicated that a record percentage of central banks plan to increase their gold holdings over the next 12 months, due to escalating geopolitical and economic risks. The survey showed that 45% of banks expect to boost their gold reserves, up from 43% the previous year, while 54% anticipate maintaining their current holdings. This growing interest in gold as a safe haven and a diversification tool for portfolios comes amid a gradual decline in reliance on the dollar, with gold's share of global reserves expected to reach 27-35% over the next five years.
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