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68FINANCE

Global central banks reportedly repatriating gold reserves from New York Fed

⚡ Markets: This de-dollarization trend is structurally bullish for gold and could, over the long term, weigh on the US dollar if it accelerates. It reflects growing geopolitical fragmentation.GoldXAUUSDUSD

Several global central banks, including those of the Netherlands and France, are reportedly accelerating the process of withdrawing their gold reserves held at the New York Federal Reserve. This trend raises questions about the long-term status of the U.S. dollar and U.S. financial assets as the ultimate safe haven.

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