Central banks load up on gold in response to rising geopolitical tensions

Financial Times/Daria Mosolova/4-23-2023

photo of 100 ounce gold bars stacked“An annual poll of 83 central banks, which manage a combined $7tn in foreign exchange assets, found that more than two-thirds of respondents thought their peers would increase their gold holdings in 2023.”

USAGOLD note: Most of the analysis on central bank participation in the gold market centers around acquisitions made over the past few years. This article concentrates on future central bank gold demand based on the attitudes and sentiments of reserves managers and how it will affect future market behavior.

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