Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How EM Central Banks Are Buying Gold at Record Pace
In June 2026, the world's largest emerging market central banks are buying gold at a pace not seen since the collapse of Bretton Woods. China alone has added over 300 tonnes to its reserves since 2022, while Turkey, Poland, and India are also aggressively diversifying away from US Treasuries. In this episode, Lucas and Luna unpack the data behind the gold rush—why the People's Bank of China is leading the charge, how sanctions on Russia accelerated the trend, and what it means for the dollar's role in EM reserves. They also discuss the implications for EM currencies and bond…
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