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Central Banks Boost Gold Reserves Amid Eroding Faith in U.S. Treasuries

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Source: Visual Capitalist
Central Banks Boost Gold Reserves Amid Eroding Faith in U.S. Treasuries
Photo: Visual Capitalist
TL;DR

For the first time since 1996, central banks hold more gold than U.S. Treasuries, reflecting a shift towards hard assets amid geopolitical risks and a move away from dollar-denominated securities, with gold's share of reserves rising to about 18% in 2024.

Topics:businessfinance#central-banks#de-dollarization#finance#gold-reserves#safe-haven-assets#us-treasuries
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  1. Central Banks Now Hold More Gold Than U.S. Treasuries  Visual Capitalist
  2. Gold Rally Points to Eroding Faith in Central Banks Worldwide  The Wall Street Journal
  3. Central bank gold statistics: Central bank gold buying rebounds in August | Post by Krishan Gopaul | Gold Focus blog  World Gold Council
  4. Julius Baer lifts gold target to $4,500, sees CB buying lasting up to five years  Investing.com
  5. Gold rush! Despite gold prices at record high, central banks add yellow metal to forex portfolio; but RBI  Times of India

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