Central Banks Archives

7 reasons why gold remains Goldman Sachs’s favourite commodity for long term

Topnewsplus1 week ago05 mins

Goldman Sachs has kept gold at the top of its long-term commodity picks, saying the metal’s rally still has room to run as demand from investors and central banks strengthens. The investment bank expects gold to touch $4,300 per ounce by December 2026, supported by what it calls a “structural shift” in buying patterns. The…

Share of gold in RBI’s forex kitty doubled since 2021

Topnewsplus5 months ago05 mins

Central banks world over are increasingly accumulating safe-haven gold in their foreign exchange reserves kitty, and India is no exception. The share of gold maintained by the Reserve Bank of India (RBI) in its foreign exchange reserves has almost doubled since 2021. According to a report on Management of Foreign Exchange Reserves by the Indian…