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Although the U.S. Federal Reserve is starting to tighten its grip on credit, other central banks continue their shift to gold, reflecting global concerns about the dollar-based monetary regime.
Datawatch

Central banks accelerate shift from dollar to gold worldwide

More resilient to upcoming rate hikes, holdings rose to a 31-year high in 2021

HARUKI KITAGAWA, Nikkei staff writer | U.S.

TOKYO -- Central banks around the world are increasing the gold they hold in foreign exchange reserves, bringing the total to a 31-year high in 2021.

Central banks have built up their gold reserves by more than 4,500 tons over the past decade, according to the World Gold Council, the international research organization of the gold industry. As of September, the reserves totaled roughly 36,000 tons, the largest since 1990 and up 15% from a decade earlier.

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