Global Central Banks Projected to Increase Gold Purchases Over the Next Year, According to Survey

Deep News
Jun 16

A recent annual survey conducted by the World Gold Council indicates that central banks worldwide are likely to enhance their acquisition of gold over the coming twelve months.

Approximately 89% of the reserve managers surveyed anticipate that global central bank gold holdings will continue to rise, signaling that the demand momentum for the precious metal is expected to persist.

The survey, which involved 76 respondents, highlighted that gold's performance during crises, its role in portfolio diversification, and its effectiveness as an inflation hedge are primary reasons central banks hold the asset. Among respondents from emerging market and developing economies, gold's function as a hedge against geopolitical risk was also particularly emphasized.

Shaokai Fan from the World Gold Council noted that the survey results suggest a growing number of central banks are viewing gold as a proactive strategic allocation amid geopolitical uncertainties, rather than merely a legacy asset.

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