World Gold Council: Central Banks to Boost Holdings
Results from the World Gold Council survey showed that 45% of reserve managers anticipate an increase in central bank gold holdings over the next year, up two percentage points from the previous year. The majority of banks still confirm that their gold positions will remain steady, with a slight expected decrease of 1%. Market pressures, including geopolitical tensions and rising oil prices, have driven many banks to hold onto gold as a hedge, with demand continuing despite recent price declines.
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