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Central bank gold appetite hits record as Middle East risks sharpen focus
RIYADH: Gold is becoming an increasingly deliberate component of central bank reserve strategies as geopolitical tensions, concerns over the concentration of assets in the US dollar, and questions surrounding the resilience of traditional holdings reshape official-sector thinking, analysts told Arab News. Their comments came after a World Gold Council survey revealed a record appetite among reserve managers to increase bullion holdings, underscoring gold’s growing role as a strategic asset in an evolving global economic landscape. For the Gulf, the findings land at a sensitive moment.
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Central banks expand bullion holdings as US dollar’s dominance wavers
World Gold Council states about nine in 10 central banks will increase holdings as de-dollarisation trend continues amid global instability.
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Central banks expand bullion holdings as US dollar’s world dominance falls
World Gold Council states about nine in 10 central banks will increase holdings as de-dollarisation trend continues amid global instability.
