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The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, ...
Recent surveys indicate that the dominance of the U.S. dollar is weakening, while gold, the euro, and the Chinese yuan are ...
Due to a combination of central bank gold buying and the surging price of gold, gold has overtaken the euro as the world’s ...
In a note to clients last week, UBS says the dollar is now “unattractive,” with further declines expected as the U.S. economy ...
You see, the dollar’s share in forex reserves is shrinking. Yet it is 46% of the total reserves. Gold reserves, on the other hand, just hit the 20% mark, leaving the Euro behind at 16%.
Gold, driven by record purchases and surging prices, has overtaken the euro as the second most important reserve asset behind ...
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, ...