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Peter Spina, CEO at GoldSeek.com, highlights a trend where sovereign wealth funds and central banks managing US$29 trillion in assets are increasingly investing in energy assets and considering diversification away from the dollar.
According to Spina, one-third of those surveyed plan to boost their gold holdings amid this move.
Spina previously noted rising bearish sentiment around gold and silver, with market capitulation possibly imminent, in a recent analysis. He also highlighted that gold and silver prices shifted from sharp gains to declines during the Iranian conflict in an earlier report. These developments come as investors assess new approaches to asset diversification.