We're loading the full news article for you. This includes the article content, images, author information, and related articles.
Central banks are aggressively buying gold, pushing prices to record highs of over $4,600/oz, as faith in the US dollar crumbles amid geopolitical tensions.

A quiet revolution is taking place in the vaults of the world’s central banks. Driven by geopolitical instability and a loss of faith in the US dollar, nations are hoarding gold at the fastest rate in 30 years, pushing the precious metal’s price to a record $4,643 (KES 603,590) per ounce.
From Serbia to China, the logic is the same: in a world where Washington weaponizes the dollar through sanctions and tariffs, physical gold is the only unfreezable asset. "We learned this the hard way," admitted Serbia’s central bank governor, reflecting a sentiment shared across emerging markets.
The shift is not just economic; it is political. With Donald Trump challenging the Federal Reserve’s independence and threatening trade wars, the dollar is no longer seen as the neutral anchor of the global system.
For the Central Bank of Kenya (CBK), this trend presents a dilemma. [...](asc_slot://start-slot-7)While gold offers stability, acquiring it requires precious forex. However, with the shilling stabilizing, the pressure to diversify reserves away from the dollar may grow, insulating the economy from the shockwaves of American political volatility.
Keep the conversation in one place—threads here stay linked to the story and in the forums.
Other hot threads
E-sports and Gaming Community in Kenya
Active 8 months ago
Popular Recreational Activities Across Counties
Active 8 months ago
The Role of Technology in Modern Agriculture (AgriTech)
Active 8 months ago
Investing in Youth Sports Development Programs
Active 8 months ago