Central Banks Turn to Gold as Hedge Against U.S. Dollar Dominance Amid geopolitical tensions and a reevaluation of economic partnerships, central banks are significantly increasing their gold purchases, viewing the metal as a stable, politically neutral asset. This trend, highlighted by IMF Deputy Managing Director Gita Gopinath, reflects a shift away from heavy reliance on the U.S. dollar due to its increasing use as a geopolitical tool. The World Gold Council reports that central banks have bought over 1,000 tons of gold annually in 2022 and 2023, making up a quarter of the total gold demand, underscoring gold’s role as a hedge in a fragmenting global economic order. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Federal Reserve Shows Little Urgency to Cut Interest Rates READ MORE SILVER ALERT: Could This Mexican Law Change Cause a Supply Crunch? READ MORE Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 Months READ MORE Gold Reserves in 2024: Discover Which Countries Hold the Most READ MORE Add a Comment Cancel replyYour email address will not be published.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