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Central banks are increasingly turning to gold as protection against financial crises, inflation and geopolitical risks, according to a World Gold Council survey highlighted Tuesday by market commentator, The Kobeissi Letter.
According to the survey of 69 central banks, 90% of respondents cited gold's performance during periods of crisis as a primary reason for holding on to the precious metal.
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Central banks are increasingly turning to gold as protection against financial crises, inflation and geopolitical risks, according to a World Gold Council survey highlighted Tuesday by market commentator, The Kobeissi Letter.
According to the survey of 69 central banks, 90% of respondents cited gold's performance during periods of crisis as a primary reason for holding on to the precious metal.
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3 months ago
