Central Banks Dump Dollar, Buy Gold | Business and Finance News

Central banks are going gold like never before, snapping up record amounts as confidence in the U.S. dollar wanes. A whopping 83% plan to boost gold reserves next year — up from 76% last year — with 45% eyeing actual increases within 12 months. Gold has overtaken U.S. bonds as the top safe haven, prized for its performance in chaos, portfolio diversification, and long-term value. Geopolitical tensions and currency instability are driving this shift, while storage preferences are changing — Switzerland’s appeal is fading, China’s is rising. Over four years, central banks have hoarded 2,000 tons annually — double the prior decade — signaling a global financial realignment toward tangible, resilient assets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/290dba507a3ed9ed