Hungary’s central bank triples gold holdings

The Central Financial institution of Hungary tripled its gold holdings in March, from 31.5 tonnes to 94.5 tonnes, it introduced on April 7.

The MNB stated it had elevated its reserves partly to hedge inflation dangers. In 2018, it introduced a long-term technique to extend its gold reserves “by an element of 10”.

Its current acceleration in gold purchases could also be partly pushed by larger US inflation expectations, that are boosting gold’s attractiveness as a retailer of worth. In 2021, US 10-year Treasury yields have

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