IMF Highlights Gold’s Surge in Global Reserves Amid Economic Uncertainty

The IMF has reported a significant increase in gold holdings within global reserves, exceeding 20% of official reserves. This shift reflects global economic uncertainty and a move towards safer assets amidst stock market volatility and a projected slowdown in growth. The IMF now anticipates global growth to reach an average of just 3%, down from 3.7% pre-pandemic. This trend aligns with the increased prominence of gold as investors seek security during times of financial instability. 💰