Rabobank: Central Bank Gold Demand Rises on De-Dollarization
Rabobank's research team notes growing central bank demand for gold amid rising global insecurity and de-dollarization trends.
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Rabobank's RaboResearch Global Economics & Markets team highlights a significant increase in central bank interest in gold. The trend is driven by rising global insecurity and the ongoing process of de-dollarization.
The report suggests that central banks are diversifying reserves away from the US dollar, turning to gold as a safer, more neutral asset. This shift is expected to continue, providing long-term support for gold prices.
Source: FXStreet Forex News