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Central banks like gold

May 31, 2024

Gold has reclaimed its status as a preferred reserve currency among global central banks, surpassing the euro in international reserves. This resurgence is driven by several factors including increased central bank purchases, geopolitical considerations, waning confidence in the euro, a global move away from the US dollar, and a rising gold price. Given these dynamics, we anticipate this trend will persist, providing ongoing support for gold prices.

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