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Central Banks Accumulating Gold at Four Times the Usual Rate
Central banks worldwide, including China, are discreetly accumulating gold at a rate four times the pre-2022 average of 17 tonnes per month. This accumulation is driven by concerns over the stability of global currencies, particularly the U.S. dollar, amid geopolitical tensions and trade disputes. The Dutch central bank recently confirmed that it had withdrawn gold from a U.S. vault, indicating broader concerns about the security and trustworthiness of gold storage locations.