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The Conversation
The Conversation
Luke Hartigan, Senior Lecturer in Economics, University of Sydney

Central bank gold holdings are at a 50-year high. What’s behind the jump in reserves?

Gold Gordon Brown United States Russia the World Gold Council
Mike Groll/AP

Over the past few years, central banks have been quietly buying up significant quantities of gold.

As the trend has accelerated, official agencies now hold the highest quantity of gold since 1975 – more than 36,000 tonnes of the precious metal.

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