Asia's growing dollar wariness is hardening up gold

Seizure of central bank reserves, U.S. debt worries drive search for alternatives

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Gold at a Beijing jewelry store: China, together with Russia, accounted for 60% of official purchases of gold between 2010 and 2022. © Reuters

Henny Sender is a strategic consultant to financial services companies and was previously a managing director at investment company BlackRock and a correspondent for the Financial Times.

For centuries, precious metals and gems have been safe havens of choice in times of danger and disruption.

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