Emerging-market central banks have been active buyers since the freezing of Russian reserves in 2022 underscored the vulnerability of foreign-exchange holdings.
The president’s announcement calmed investor fears after a U.S. Customs ruling put 1-kg and 100-oz bars in a tariff category, sending futures to record highs.
Emerging-market central banks have been active buyers since the freezing of Russian reserves in 2022 underscored the vulnerability of foreign-exchange holdings.
The president’s announcement calmed investor fears after a U.S. Customs ruling put 1-kg and 100-oz bars in a tariff category, sending futures to record highs.