Gold to Replace the US Dollar? India, China Beef Up Reserves | Vantage with Palki Sharma
In a significant global surge, gold prices have hit an alltime high. Central Banks across the world are now buying gold. China has emerged as a leading buyer of the metal. Since November 2022, China's central bank has engaged in heavy buying. India too has been building up its gold reserve. As of January 2024, India's Reserve Bank of India has 800 tonnes of gold in its reserve. Banks are rushing towards gold investments to diversify their reserves, and to avoid the dependability on one currency. Is gold a suitable replacement to the US dollar? Palki Sharma tells you more.
Gold | India | China | US Dollar | DeDollarization | Firstpost | World News | Vantage | Palki Sharma
#gold #india #china #usdollar #dedollarization #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a groundbreaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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