Central banks are buying the commodity as a hedge against possible sanctions, a market expert has suggested Central banks around the world are shifting away from the US dollar and turning their attention to gold as a safe haven asset, the chairman of Rockefeller International, Ruchir Sharma, has said. Prices for the commodity have surged 20% in the past six months, with demand coming not from “the usual suspects” such as large and small investors “seeking a hedge against inflation and low real interest rates,” but from “heavy buyers” like central banks, Sharma wrote in the Financial Times on Sunday. Accor
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