WGC Survey: 45% of Central Banks Plan to Increase Gold Reserves Over Next 12 Months

Forty-five percent of central banks plan to increase their gold reserves over the next 12 months, the highest level on record in a World Gold Council survey. According to BeInCrypto, 89% of respondents expect global central bank gold holdings to rise, while 1% anticipate a decline. Central banks have bought an average of 1,000t of gold since 2022, and official buyers added 19 tonnes in April after net sales in March; Poland bought 14 tonnes and China added 8 tonnes, while Russia sold 6 tonnes and Turkey was broadly flat.