World Central Banks’ gold-buying spree hits record highs, surpassing pre-Nixon era reserves.

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  • Record-Breaking Demand:
  • Why Do Central Banks Buy Gold?
    • Balancing Reserves: Central banks hold gold as part of their reserves to manage risk associated with currency holdings and promote stability during economic turbulence.
    • Hedging Against Fiat Currencies: Gold acts as a hedge against the eroding purchasing power of fiat currencies (especially the US dollar) due to inflation.
    • Portfolio Diversification: Gold tends to move inversely to the US dollar. When the dollar weakens, gold prices often rise, providing a buffer against volatility.
  • Top Buyers:
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