Going for gold: central banks expand bullion holdings as US dollar’s world dominance falls (opens in new tab)

Central banks are expected to expand their gold holdings, while the US dollar’s dominance in global reserves will fade in five years, according to the World Gold Council. The push to accumulate gold reflects a broad de-dollarisation trend in recent years. About nine in 10 central banks expect global central bank gold holdings to continue increasing over the next 12 months, according to the World Gold Council’s annual Central Banks Gold Reserves Survey, published on June 16. A record 45 per ce...