A new report by the World Gold Council states that central banks expect an increase in global gold reserves next year amid growing pessimism regarding the US dollar.
The survey showed that about 30% of central banks, including 13% of developed countries, plan to increase their reserves next year.
The focus on gold is driven by the following reasons: risk management, planning for political and economic upheavals, utilizing its long-term value, emergency performance, and portfolio diversification.
Over the past few years, central banks have made significant gold purchases. For example, in 2023, they purchased 1,037 tons, which is second on the list after the 2022 figures of 1,082 tons.
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