Central Banks’ Love for Gold Is Showing in the Numbers. It Could Also Signal What Could Happen Next…

Central banks’ love for Gold is showing in the numbers. It could also signal what could happen next…

Gold surpasses the Euro as the second-highest forex reserve asset for global central banks, with gold reserves expected to rise over the next 12 months.

Gold overtakes euro in global reserves

Bullion has gained in prominence as central banks increasingly seek to diversify reserve assets. Gold has overtaken the euro to become the world's second-largest reserve asset by market value, according to the European Central Bank. The ECB attributes the shift to record central bank purchases and rising geopolitical tensions. Central banks increased their gold holdings by more than 1,000 tonnes in 2024 - twice the average annual amount seen in …

Gold now replaces Euro as central bank’s reserve asset! – altnews.org

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Ghana Leads Africa’s Gold Reserve Surge as Central Banks Shun Currency Risk

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-leads-africas-gold-reserve-surge-as-central-banks-shun-currency-risk/African central banks are accelerating gold acquisitions to shield reserves from global financial volatility, with Ghana emerging as a standout—holding nearly half its foreign assets in bullion—amid a continent-wide pivot toward the precious metal as “monetary armor,” new World…

Central banks turn to gold over the dollar

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