Since 2020, as gold prices surged over 230%, central banks have significantly increased their gold reserves. The top 15 buyers collectively added nearly 2,000 tonnes over five years.
China led the purchases (+350 tonnes) as part of diversification efforts away from the U.S. dollar, followed by Poland (+300 tonnes). Türkiye, India, and several others including Brazil, Azerbaijan, Japan, Thailand, Hungary, and Singapore also expanded holdings to hedge against inflation and currency volatility.
#ChinaEconomy# #Singapore# #gold#
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