The higher countries of gold and its impact on the economy

Gold remains the cornerstone of supporting economic flexibility and global financial stability. The latest updates indicate that the largest gold reserves in countries symbolize a clear economic and strategic power, according to Indian Devinis Review.

United States: The largest global gold reserve

According to the reports of the World Gold Council, the United States maintains the largest gold reserves globally, at 8133.5 tons.
This inventory plays a fundamental role in supporting financial stability and strengthening the US dollar, while storing the majority of gold at the “Fort Nox” base, as well as other facilities such as the Currency House in Denver and San Francisco.
These reserves represent an economic fortress against currency fluctuations and financial crises, and contribute to the consolidation of the dollar’s position as a global first reserve currency, along with foreign cash reserves exceeding 910 billion dollars.

Germany: A golden power that supports the euro

Germany is ranked second in the world in gold reserves, with a total of 3351.5 tons.
Most of these reserves go back to the post -World War II, as they supported the efforts to rebuild the German economy.
Although part of the gold remains a store outside Germany in the United States and the United Kingdom, Berlin has begun to return a large part of it to enhance transparency and public trust, which supports the stability of the euro zone in front of financial crises.

Italy: Gold as a strategic financial fortress

About 2451.8 tons, Italy comes third among the largest gold reserves.
Gold is one of the main pillars of the stability of the Italian economy, especially during the periods of local and international fluctuations.
Italy is storing most of its gold in the “Bank of Italy” cabinets, while it is stored in other quantities in Switzerland and the United Kingdom.

China: A golden reserve building to enhance economic sovereignty

China continues to enhance its gold reserves, which have recently reached 2279.6 tons, as part of its strategy to diversify assets and reduce dependence on the US dollar.
This stock serves the goal of supporting the stability of the yuan and enhancing China’s ability to resist external economic shocks, in parallel with foreign cash reserves exceeding $ 3.2 trillion.

Global gold prices: a limited decline despite positive expectations

Global gold prices decreased by 1.7% to $ 3292.99 an ounce, with a weekly decline by 1.2%.
Silver prices also decreased by 1.6% to $ 33.03 an ounce, while platinum and pilavium prices fell by 0.5% and 1.8%, respectively.
Analysts expect that the US Federal Federal Reducing Expectations will support the demand for gold during the coming period, which may lead to high prices again.