The World Gold Council attributes central banks’ growing preference for gold to the U.S. dollar’s decline. usdollar gold reserves
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar's Decline
To support the theory that central banks are increasingly opting for gold, the report points to Poland, whose central bank is believed to have purchased about 100 tons of gold in 2019. Concerning the National Bank of Poland ’s purchase of the gold, the institution’s president Adam Glapinski is quoted by reports pointing to the fact that the precious metal is not directly tied to any nation’s economy and that this enables it to endure global unrest in markets.
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