Today is Akshaya Tritiya and buying gold is considered auspicious. But did you know that gold is considered a safe haven asset - not just by individuals but also central banks. Which explains why central banks around the world have been increasingly purchasing gold in the last few years amidst ongoing global economic volatility. From the Covid pandemic shock to the Russia-Ukraine war and now the tariff war triggered by the Donald Trump administration, gold prices have been touching new lifetime highs partly driven by central banks of major economies stocking up on gold to fundamentally secure foreign exchange reserves.