One-third of sovereign funds plan to increase gold holdings
Central banks and sovereign wealth funds are planning to add gold to their portfolios, driven by concerns over the US dollar’s reserve status.
The move is attributed to the tripling of central banks citing US debt as a negative factor, from 20% in 2024 to 61% now.
Gold is seen as a neutral, sanction-proof asset, and its demand is expected to climb as $29 trillion in sovereign capital rethinks dollar reliance.