• 11/29/2024

Asia’s central banks snap up gold in ‘new normal’ to reduce risk from US dollar

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Fears about their assets being vulnerable, following the US seizure of Russia’s foreign exchange reserves last year, have triggered a buying wave by central banks.

https://www.scmp.com/week-asia/economics/article/3245474/asias-central-banks-diversify-snap-gold-new-normal-amid-derisking-us-dollar?utm_source=rss_feed