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    HomeNewsBusinessPersonal FinanceWhy central banks are buying gold and what retail investors can learn from it

    Why central banks are buying gold and what retail investors can learn from it

    The share of the US dollar in total central bank reserves has reduced from 72 percent in 2001 to 58 percent in 2023. Gold has chipped away the USD’s share the most. The US sanctions and freezing of foreign assets of nations at war is among the biggest factors responsible behind why central banks appear to look at gold as an alternative

    Chirag Mehta
    July 02, 2024 / 08:44 IST
    Gold has a clear role to play in a world full of uncertainty
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