Gold gains strategic importance as central banks hedge against geopolitical risks

Global central banks are boosting gold reserves amidst rising geopolitical risks, with a significant portion planning to reduce US dollar exposure. A new survey reveals a strategic shift towards gold for protection, while the euro and renminbi are eyed as alternatives, though not without their own challenges. Central banks are also increasingly embracing AI for operational improvements, adapting to a world of persistent uncertainty.

By TOI BUSINESS DESK