Since the early days of the COVID-19 pandemic, gold has massively underperformed relative to other asset classes, leading some to argue that gold’s days as a historically sound long-term investment are numbered. Despite its recent performance, there are a lot of reasons to take a close look at gold—and a major one is the fact that central banks bought more gold in Q3 of 2022 than in any other quarter in 55 years. This article from MarketWatch explains why gold is an attractive asset for banks around the world.
