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 Gundlach Skeptical of 'Goldilocks' Economy, Foresees Recession READ MORE Gold Prices Dip in Anticipation of Pivotal U.S. Inflation Report READ MORE Gold holds steady as geopolitical risks counter rate cut concerns READ MORE US Budget Gap Widens 16% in First Four Months of Fiscal Year READ MORE Add a Comment Cancel replyYour email address will not be published.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