- Central banks boosted their gold stockpiles amid a backlash against the dollar.
- Global reserves grew by 228.4 tons in the first quarter, the World Gold Council reported.
- The top gold buyers were central banks in Singapore, China, Turkey and India.
Central banks around the world are boosting stockpiles of gold amid a growing backlash against the dollar.
In the first quarter, 228.4 tons of gold were added to global reserves, the World Gold Council reported on Friday. While that marks a 40% decline from the fourth quarter, it’s a 176% increase from a year ago.
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