Central banks accelerate gold buying as de-dollarization heats up

Central banks are increasing gold reserves amid growing distrust in the U.S. Dollar. 1,000 metric tons are expected to be bought in 2025, although this is an 8% decline from 2024.

Concerns about the U.S. Dollar’s status are fueled by geopolitical tensions. Business leaders warn about declining confidence in the dollar, while Bitcoin experiences fluctuations, influencing the broader cryptocurrency market.