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Central Banks Boost Gold Holdings Amid Global Geopolitical Tensions and Economic Uncertainty

[Oct 17 12:30 AM] Central banks from several nations have signaled a shift towards increasing gold reserves, citing geopolitical tensions and economic uncertainty. Officials from Mexico, Mongolia, and the Czech Republic expressed support for gold’s growing…

Report: Central Bank Gold Demand Surges in July Amid Rising Prices

[Sep 3 6:20 PM] Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold…

China Halts Gold Buying for Second Consecutive Month

[Jul 9 7:33 PM] China’s central bank, the People’s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold…

China Halts Gold Buying in May, Ending 18-Month Buying Spree

[Jun 8 6:35 PM] The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China…

Central Banks Boost Gold Reserves by 33 Tonnes in April

[Jun 7 9:25 PM] Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central…

Tanzanian Central Bank Launches Foreign Exchange Reserves Boosting Gold Buying Scheme

[Sep 27, 2023 5:30 AM] The Bank of Tanzania said on Sept. 25 that it has kickstarted an initiative that seeks to boost the country’s foreign exchange reserves by buying gold with local currency. The bank said its objective is to acquire six tonnes of gold from…

Gold to $2,100 — Investment Management Firm Says Gold to Be Key Instrument in New Financial Order

[Jun 21, 2023 3:30 PM] Central banks, particularly those in emerging economies, are ramping up their gold reserves in preparation for a new monetary regime, signaling a potential loss of reserve currency status for the U.S. dollar, according to the investment management…

Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows

[May 31, 2023 5:30 PM] The latest gold reserves survey by the World Gold Council shows that central banks are less optimistic about the future role of the U.S. dollar while their confidence in gold has risen. “There was basically a lot more pessimism about the U.S…

Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

[Dec 7, 2022 11:00 AM] Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the…