Central banks collectively hold over 36,000 tonnes of gold, approaching the peak levels of the Bretton Woods era in the 1960s. This increase highlights a trend of diversifying reserves amid growing geopolitical uncertainties, with institutions turning to gold as a safe-haven asset at the expense of traditional assets such as U.S. Treasuries. This development could influence market expectations for gold prices, with critical levels to watch around $5,200 per ounce.
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