Gold prices have risen as the value of the dollar drops. The DXY Index, which measures the dollar's volatility against six major currencies, has fallen below the 104-point threshold from its previous position above 104.52 points.

According to the World Gold Council (WGC), 24% of central banks worldwide plan to increase their gold reserves by 2023. The reasons cited include high inflation, geopolitical instability, and concerns about high interest rates.
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