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In their purpose to support their currencies in turbulent occasions, central banks tend to diversify their reserves and purchase Gold to improve the perceived power of the financial system and the currency. Central banks added 1,136 tonnes of Gold worth round $70 billion to their reserves in 2022, in accordance with knowledge from the World Gold Council. Central banks from emerging economies such as China, India and Turkey are rapidly growing their Gold reserves. Boston Fed President Susan Collins said that the central financial institution might have to lift rates again to combat inflation as the information underscored uneven progress…