Why Central Banks Are Buying Gold: Strategic Shift Explained
Why Are Central Banks Buying Record Amounts of Gold?
The landscape of global reserve management has undergone a dramatic transformation in recent years as central banks worldwide have significantly increased their gold purchases. This strategic shift represents one of the most substantial changes in international monetary policy in decades, with profound implications for financial markets globally.
The Scale of Central Bank Gold Acquisition
Central bank gold buying has reached unprecedented levels in recent years. According to the World Gold Council, central banks purchased 1,037 tonnes of gold in 2022 alone, marking the highest annual total since 1967. This momentum has continued, with global official gold reserves surpassing…
