Economics
Central Banks’ Gold-Buying Spree Is Far From Over, Poll Shows
- Half of central banks see holdings rising in next 12 months
- Reserves jumped in past decade as nations diversify assets
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It looks like the gold-buying spree by central banks in the past decade will probably continue for a while yet.
In a survey of central banks conducted by the World Gold Council and YouGov, 54% of respondents expect global holdings to climb in the next 12 months amid concerns about risks in other reserve assets. Looking further ahead, two-thirds see gold’s share of reserves staying the same or rising in five years’ time.