Central banks load up on gold in response to rising geopolitical tensions

FT: Central banks load up on gold in response to rising geopolitical tensions

Reserve managers’ purchases rose 152 per cent last year and they expect to keep buying

9 hours ago

The amount of gold bought by central banks rose by 152 per cent year on year to 1,136 tonnes in 2022 © Andrey Rudakov/Bloomberg

Central bankers who manage trillions in foreign exchan…