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Central Banks Are on the Biggest Gold-Buying Spree in a Half Century

  • Central banks had second-largest year of purchases on record
  • Demand for haven in Europe also aided demand in 2018, WGC says
U.S. Mint Gold, Silver Coins Sales May Rise to Record This Year

Photographer: Scott Eells/Bloomberg

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Central banks bought more bullion last year than anytime since 1971, when the U.S. ended the gold standard.

Governments added 651.5 tons of gold to their coffers in 2018, a 74 percent increase from the previous year, according to a report from the World Gold Council.