Central Banks Expect to Snap Up More Gold This Year Amid Dollar Pessimism

Central banks worldwide are anticipating an increase in global reserves of gold in the next year, as per a report. The survey by the World Gold Council revealed that over 80% of respondents expect reserve managers to boost their holdings of bullion, the highest proportion since the survey’s inception. Additionally, 30% of banks plan to add to their own reserves, including 13% of banks in advanced economies. This growing optimism toward gold comes alongside pessimism regarding the U.S. dollar.