In October, central banks globally increased their gold reserves by a remarkable net total of 53 tonnes, marking the strongest monthly gain since November 2024. Poland and Brazil were the frontrunners in this buying spree, reflecting a strategic shift among nations seeking to bolster their economic stability amid fluctuating currency pairs and uncertain exchange rates.
This surge in gold purchases may have implications for forex markets, particularly affecting the USD and EUR exchange rates as investors seek safe-haven assets. The growing appetite for gold suggests a cautious sentiment in trading, highlighting the potential for volatility in currency pairs as central banks adapt to changing economic conditions and strive to protect their reserves against inflation and currency depreciation.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 10:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.