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WGC: Global Central Banks Anticipated to Increase Gold Reserves Ratio Next 5 Yrs; US Dollar Ratio to Decline
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Global central banks anticipated an increase in the proportion of gold in their reserves over the next five years, while the proportion of US dollar reserves was expected to decrease, a survey by the World Gold Council (WGC) suggested. The survey, conducted from February 25 to May 20, showed that 76% of the 73 central banks surveyed expected their gold holdings to increase within five years, compared to 69% last year. Nearly three-quarters of central banks predicted a decline in US dollar reserves five years from now, versus 62% last year. AASTOCKS Financial News Website: www.aastocks.com |
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