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News 2026-07-01 06:34 UTC

Why Are Central Banks Buying So Much Gold? 90% Institutions Cite This Reason

Central banks are increasingly turning to gold as protection against financial crises, inflation and geopolitical risks, according to a World Gold Council survey highlighted Tuesday by market commentator, The Kobeissi Letter. Crisis Protection Drives Gold Demand According to the survey of 69 central banks, 90% of respo