Central banks around the world are shifting their reserve portfolios in response to a historic surge in bullion prices, with gold now accounting for a record 27% of their holdings. The significant increase in gold's share of reserves comes as central banks continue to diversify their portfolios, seeking to reduce their dependence on the US dollar and mitigate potential risks associated with currency fluctuations. As investors increasingly turn to gold as a safe-haven asset, central banks are following suit, adding to their gold reserves and reducing their exposure to other currencies. The move is seen as a major vote of confidence in the value of gold as a store of wealth and a hedge against economic uncertainty.
Historic bullion rally boosts metal’s share of reserves to 27% while central banks diversify away from dollar
