Survey finds central banks plan more gold buying despite dip
Central banks around the world are planning to buy more gold in the coming year, even though prices have dipped lately.
According to a new World Gold Council survey, nearly half of central banks want to add to their gold stash, and only one is thinking about cutting back.
This marks the highest interest in buying since 2018.
Emerging economies lead gold reserve buildup
Emerging economies are leading the pack, with over half planning to boost their reserves, often using local currency.
Growing geopolitical risks have central banks looking for safer bets.
Some banks are also switching up where they store their gold, with places like Singapore and Hong Kong gaining popularity (though London's Bank of England is still top choice).
Even with recent price drops, it looks like central banks aren't losing their appetite for gold anytime soon.