World Gold Council: 45% of Central Banks Plan to Increase Their Gold Reserves

A survey conducted by the World Gold Council covering 76 central banks revealed that 45% of these banks intend to raise their gold reserves over the next twelve months, marking the highest percentage recorded in years.

This result reflects a broad strategic shift in official reserve management, driven by growing concerns over the risks of over-reliance on the US dollar and global geopolitical uncertainty.

This buying trend continues despite gold prices rising significantly in recent years, indicating that central banks prioritize strategic diversification considerations over price considerations.

Analysts expect this survey to translate into strong actual demand in the coming quarters, anchoring expectations that central bank support for gold prices will persist as a long-term structural demand pillar.

What do these terms mean?

World Gold Council: An international industry organization comprising leading gold mining companies, publishing benchmark research and statistics on supply and demand in global gold markets.

Official Central Bank Survey: A periodic survey monitoring central banks' intentions regarding their gold reserves, serving as one of the most key forward-looking indicators for long-term gold demand.

Strategic Buying Trend: Purchasing gold based on long-term strategic motives rather than short-term price motives, which ensures these purchases continue even during periods of rising prices.