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Going for gold: central banks expand bullion holdings as US dollar’s dominance wavers (opens original article in a new tab)

TL;DR

Central banks are increasing gold holdings as the US dollar's global reserve dominance declines, according to the World Gold Council.

  • Central banks plan to increase gold holdings in next 12 months
  • Gold surpassed US government bonds as top reserve asset
  • 74% of central banks expect reduced US dollar share in global reserves within five years

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