Central banks turn to gold as global risks increase
Central banks from countries like Mexico, Mongolia, and the Czech Republic are increasing their gold reserves, signaling a response to growing global uncertainties.
During the recent London Bullion Market Association conference in Miami, officials emphasised the importance of gold amid shifting economic conditions and geopolitical tensions, reflecting a broader trend of seeking safe assets.
Joaquín Tapia, who oversees international reserves at Banco de México, pointed out that current factors such as lower interest rates, global tensions, and the upcoming U.S. election could lead to an increased share of gold in their holdings.
“Given the context that we are facing right now... maybe the share of gold in our portfolios could be increasing as well,” Tapia said.
Enkhjin Atarbaatar from the Bank of Mongolia shared a similar perspective, stating that the country’s reserves are set to grow, with gold playing a more significant role.
“I also expect that the share of gold in our reserves will likely increase in the future,” he commented.
Marek Sestak, a representative from the Czech National Bank, agreed, highlighting gold’s appeal as a stable asset during uncertain times.
These insights come as central banks worldwide have been buying more gold, contributing to a 25% increase in its price this year.
This trend has led gold to outperform both U.S. stocks and bonds, as central banks seek stability in a volatile global environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








