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Dollar's share of global reserves declines
The Business Guardian
|November 10, 2024
Central banks around the world could continue expanding their gold reserves amid ongoing geopolitical uncertainties, as highlighted in a recent report by Quantum Mutual Fund.
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The report pointed to a trend of steady investment in gold and reserve diversification by central banks, which is expected to persist this year due to rising tensions in the Middle East, upcoming elections in the U.S. and Europe, and an increasingly fragmented global economy.
"The trend of investments into gold and diversification of reserves continues. We believe this trend is likely to continue this year amid geopolitical uncertainties in middle east" said the report.
This story is from the November 10, 2024 edition of The Business Guardian.
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