Business · Markets · 2 hrs ago

Central banks are reshuffling gold reserves amid global uncertainty

During World War II, European countries sent gold to the U.S. for safekeeping.

The move kept reserves away from the dangers facing Europe at the time.

Now, central banks are reshuffling their gold reserves.

They are doing so as they face a new era of uncertainty.

Central banks hold reserves to support their countries’ financial stability.

Where gold is held is again drawing attention as officials reconsider those holdings.

The available information does not say which banks are moving gold or what decisions they will make next.

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