Gold Overtakes Euro as Second-Largest Reserve Asset Despite Central Bank Buying Slowdown

25.06.24

Central banks have been slowing their gold purchases recently, with buying dropping 33% quarter-on-quarter in early 2024, partly due to reduced purchases from major buyers like China. However, experts don’t expect this trend to signal a permanent decline. The weakening faith in the U.S. dollar as the primary reserve currency…

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