2024 became the third year in a row that gold purchases in this segment surpassed the 1,000 metric tons (MT) mark, the World Gold Council (WGC) reports.
The central banks increased the volume of gold purchases between 2021 and 2024 by more than two-fold.
Forecasts
81% of the central bankers expect global gold reserves to increase over the next 12 months, a 2024 WGC poll showed.
The WGC suggests that central bank gold purchases will continue to be a major driver of gold demand this year.
Central Banks That Hold the Most Gold
The US: 8,133.46 MT
Germany: 3,351.53 MT
Italy: 2,451.84 MT
France: 2,437 MT
Russia: 2,332.74 MT
China: 2,279.56 MT
Switzerland: 1,039.94 MT
India: 876.18 MT
Japan: 845.97 MT
Netherlands: 612.45 MT
11 August 2024, 15:13 GMT