Global Central Banks Favor Gold Over Dollar, Expecting Increased Reserves Central banks worldwide are expected to increase their gold reserves this year amid growing pessimism about the US dollar, according to a World Gold Council report. Over 80% of surveyed reserve managers anticipate higher global gold holdings, with nearly 30% planning to add to their reserves. The shift is driven by economic and political uncertainties and the desire to mitigate risks. The US dollar’s decline in favor is due to concerns over its use in geopolitical conflicts and domestic issues. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Breakout Confirmed READ MORE Japan's May Wholesale Inflation Surges, Challenging BOJ Rate Hike Plans READ MORE Thursday's PCE Price Index Release to Shine a Spotlight on Inflation Trends READ MORE Successful Newcrest bid would extend US Newmont’s lead as world’s largest gold producer READ MORE Gold Gains on Revised US GDP Figures and Lower Treasury Yields READ MORE Add a Comment Cancel replyYour email address will not be published.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