Gold gobbling: Central Banks’ feast continues in 2024.

January 14, 2024
1 min read

TLDR: Central banks are expected to continue buying gold throughout 2024, driven by factors such as accelerating de-dollarization, geopolitical tensions, and increasing inflation. Despite the Federal Reserve claiming victory over inflation, it is expected to lower interest rates in 2024, which would further weaken the US dollar and increase the relative value of gold. Central banks like China and Russia are already strategically moving away from the US dollar and diversifying their reserves with gold. Central banks are likely to continue increasing their gold reserves as a hedge against downward pressures on the dollar and potential economic instability.

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