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Central banks are turning back to gold

From omfif.org

It has been more than 50 years since the dollar was unpegged from gold. Nevertheless, it remains a key asset for central banks around the world. Gold’s attractiveness has recently increased against a backdrop of rising geopolitical and economic tensions. Will this continue and, if so, what are the implications for the distribution of gold around the world? Geopolitical events have laid a solid foundation for gold to become prominent once again in the reserve portfolios of central banks, and as a way to settle payments for some countries. As geopolitical risks rise, various countries are setting their own restrictive ... (full story)

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  • Category: Fundamental Analysis