In a move signaling a shift in reserve strategy, El Salvador’s Central Reserve Bank purchased 13,999 troy ounces of gold for $50 million. This landmark acquisition marks the country’s largest gold purchase since 1990 and represents a significant diversification from its previously Bitcoin-focused holdings. President Nayib Bukele’s policies are driving this change in reserve composition. The Central Reserve Bank now holds a total of 58,105 troy ounces of gold, valued at approximately $207 million. This move signifies a hedge against Bitcoin volatility and potentially impacts global gold market dynamics. The purchase follows a trend of central banks globally acquiring gold since 2020, suggesting a growing desire for diversification in financial reserves. Financial experts see this move as a stabilizing measure in an ever-shifting global financial landscape.