Half of central banks to increase gold holdings

Central Banks Gold Reserves Hit Highest Level Since 1960s

It appears central bank gold reserves are now at the highest level since the 1960s. The post Central Banks Gold Reserves Hit Highest Level Since 1960s appeared first on King World News.

Half of central banks to increase gold holdings

Almost half of central banks expect to increase their gold holdings over the next three years, according to the annual Invesco Global Sovereign Asset Management study. In response to geopolitical instability and uncertainty around fiscal sustainability, 64% of central banks plan to increase their reserve holdings over the next two years. Gold is at the centre of this, with 47% of central banks expecting to expand their allocations over the next …