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Central banks favor gold over dollar for reserves, survey finds
From Reuters
Tuesday, June 17, 2025
LONDON -- Central banks expect their gold holdings as a proportion of their reserves to increase over the next five years while expecting their dollar reserves to be lower, a survey by the World Gold Council showed.
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Gold demand from central banks has risen significantly over the past three years despite its price rally to consecutive records. It hit an all-time high of $3,500.05 an ounce in April, up 95% since February 2022 when Russia invaded Ukraine. ...
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