Central Banks' Gold Rush: What It Means for Your Wallet Central banks have long been the stalwarts of dollar dominance, but new surveys suggest they're increasingly hedging their bets by buying gold and reducing their exposure to the US currency.
This shift has far reaching implications not only for global finance but also for individual investors.
A recent survey by the Official Monetary and Financial Institutions Forum (OMFIF) found that more central banks plan to reduce their dollar exposure over the next decade than increase it.