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The fight against the dollar has reached Europe : Global demand for gold up 42% in 12 months

Oct 272018

xpectations of a geopolitical change have prompted central banks around the world to get rid of their greenbacks.

Central banks around the world are turning to gold as an alternative to the US dollar. Analysts attribute this behavior to geopolitical uncertainty and the aggressive US trade policy.

 

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According to the statistics of the World Gold Council (WGC), in the first quarter of 2018 central banks increased their acquisition of gold by 42 percent compared to a year ago, with Russia and Turkey being the largest buyers. net.

 

 

Pressure on the competition