A survey of 74 central banks indicates that buying gold is becoming more common. Nearly half of the banks surveyed plan to increase their gold reserves over the coming year, while only one central bank plans to sell gold. The findings suggest that the demand backdrop supporting gold remains broadly in place even as prices experience short-term fluctuations during the year. One report notes that this level of intent is higher than in previous surveys, contributing to expectations that central-bank purchases will continue to support bullion. Another outlet describes the results as evidence that a key driver behind bullion’s prior record rally is still active, despite a pullback observed this year. Overall, the sources agree that central bank behavior is tilted toward accumulation rather than reduction, with most participants either not planning sales or continuing to hold steady. The survey underscores how official sector demand remains a significant factor in the gold market’s outlook.
Survey shows record central bank interest in buying gold this year
A survey of 74 central banks indicates that buying gold is becoming more common. Nearly half of the banks surveyed plan to increase their gold reserves over the coming year, while only one central ban...
- A survey covers 74 central banks.
- Almost half of the surveyed central banks plan to buy or increase gold reserves in the coming year.
- Only one central bank plans to sell gold.
- The survey indicates a record level of central bank intention to buy gold compared with prior periods.
- The results are viewed as supportive of gold demand despite a year-to-date price pullback.
A survey of 74 central banks showed almost half plan to buy gold in the coming year, while only one plans to sell.
2 months agoMore central banks than ever expect to increase their gold reserves, a sign one of the key forces behind bullion’s record-breaking rally remains intact despite this year’s pullback.
2 months agoMore central banks than ever expect to increase their gold reserves, a sign one of the key forces behind bullion’s record-breaking rally remains intact despite this year’s pullback.
2 months ago
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