Survey: 45% of central banks plan to boost gold holdings over the next 12 months as dollar’s reserve share is seen falling within five years

Central banks are set to add to their gold reserves, with 45% saying they plan to increase holdings over the next 12 months, a record high. In contrast, 74% of respondents expect the US dollar’s share of global reserves to be lower within five years. About nine in 10 central banks also expect total central bank gold holdings to keep rising over the next 12 months, according to the World Gold Council’s annual survey published on June 16.