OMFIF survey shows central banks plan to cut dollar holdings and boost gold
AI Market Summary
OMFIF\"s survey shows central banks, for the first time since tracking began, plan to reduce USD allocations more than increase them, citing rising US-linked geopolitical and policy uncertainty. In parallel, a record 51% intend to add gold, framing it as protection against geopolitical risk and doubts about the monetary system\"s stability. This reinforces structural official-sector demand for gold and pressures USD reserve dominance at the margin.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT-1.54%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
A survey by the Official Monetary and Financial Institutions Forum (OMFIF) found that 51% of central banks plan to increase gold reserves, a record high, citing rising geopolitical risk and concerns about the stability of the international monetary system. Over the same period, the dollar’s share of reserves fell to a 20-year low, while the euro and the renminbi gained appeal. The results point to stronger systemic demand for safe havens that is supporting gold allocations and price momentum.
