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The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, ...
Asian and US stocks showed mixed moves recently, while oil and gold edged up slightly due to the weakening dollar. At the ...
Due to a combination of central bank gold buying and the surging price of gold, gold has overtaken the euro as the world’s ...
In a note to clients last week, UBS says the dollar is now “unattractive,” with further declines expected as the U.S. economy ...
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, ...
In currencies, the euro and yuan stand to benefit the most from a diversification away from the dollar. A net 16% of central banks surveyed by OMFIF said they plan to increase euro holdings over ...
UBS Asset Management’s Castelli said he was receiving many more questions about the euro, estimating the euro could recover to a 25% share of reserves by the end of the 2020s.
"After years of record-high central bank gold purchases, reserve managers are doubling down on the precious metal," OMFIF said. The dollar, the most popular currency in last year's survey, fell to ...
LONDON - The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and ...
The euro is the "only real alternative currency for the moment to make a significant change in the level of reserves," said Bernard Altschuler, global head of central bank coverage at HSBC, adding ...