Record Gold Buying by Central Banks Expected to Continue, According to TDS In recent years, central banks across the globe have significantly increased their gold acquisitions, with purchases surpassing 1,000 tonnes annually in both 2022 and 2023. TD Securities analysts forecast this upward trend in gold buying to persist, driven by a growing consensus among central banks regarding a potential decline in the dominance of the US Dollar in the future. This shift in perspective, highlighted by recent surveys indicating a rise in skepticism towards the dollar’s prevailing role, is expected to be a major catalyst for sustained gold demand. This insight underscores the strategic move by central banks to diversify their reserves amidst evolving economic forecasts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Investors loved weak yen boosting shares until it went too far READ MORE US Housing Market Shows Life, Yet Overvaluation Clouds Recovery, Fitch Reports READ MORE US business activity cools in April; inflation measures mixed READ MORE Oil Rises to $85 in Rally Driven by OPEC, Geopolitical Risks READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment