Central Banks Hedge Against the Dollar, Turning to Gold in a Strategic Shift Central banks around the world are ramping up their gold reserves, a move aimed at reducing their reliance on the US dollar amidst growing concerns over America’s continuing fiscal deficits and the threat of inflation. This trend occurs even as the dollar remains stable and real yields rise, with gold prices reaching their highest levels in five decades against most major currencies. Notably, this surge in gold’s value is attributed primarily to the purchasing activities of central banks rather than to ETF investments or seasonal demand. Countries like China, Germany, and Turkey have significantly increased their gold holdings, reflecting a strategic shift towards protecting their reserve assets from the risks of dollar devaluation and instability within the global financial system. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Eastern Gold Rush: How Chinese Traders Are Reshaping the Global Bullion Market READ MORE Italian Jewelry Exports Soar on Turkish Gold Demand READ MORE Mike Maloney’s Greatest Hits – Best Videos of 2023 READ MORE Hedge Funds Go for Gold as Political and Economic Uncertainties Loom READ MORE Wholesale prices unexpectedly fell 0.2% in May READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment