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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.

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