Central Banks Buying Gold: What's Behind the Latest Surge?

The Spotlight

5 minutes read

Feb 21, 2023

A stack of gold bars inside a central bank building on a green background.

Are we seeing a new gold rush? Discover the reasons fueling the recent central bank gold buying spree.

a safe full of gold bars on the map of Turkey
A table showing the results of a World Gold Council survey of central banks on reasons they keep buying physical gold.
Key reasons why central banks buy gold historical position (59%), performance during times of crisis (39%), long-term store of value/inflation hedge (41%), no default risk (43%), effective portfolio diversifier (35%), lack of political risk (20%), highly liquid asset (28%), serves as valuable collateral (28%), anticipation of changes in the international monetary system (0%), domestic gold production (17%), policy tool (9%), part of de-dollarisation policy (0%).
stacks of gold coins and bars with a rising golden arrow on a golden background
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