PETALING JAYA: Geopolitical risks coupled with rising economic uncertainty and volatile US trade policy is pushing central banks to buy gold, traditionally seen as a buffer for unsettled times, with experts noting that this trend reflects a gradual shift away from the greenback while also enabling them to diversify their reserves portfolios.
UCSI University Malaysia associate professor of finance and Centre for Market Education research fellow Liew Chee Yoong told StarBiz that there were a number of inter-related factors driving this demand.
