More Central Banks Than Ever Say They Will Buy Gold This Year (opens original article in a new tab)

More central banks than ever plan to increase gold reserves, with 45% of 74 surveyed intending to buy in the coming year, driven by emerging-market banks and domestic accumulation programs despite recent price declines.

• 45% of 74 central banks plan to buy gold in the coming year, the highest share since 2018
• Central bank gold buying accelerated in Q1 despite some countries selling gold
• Emerging-market central banks are more likely to increase gold holdings than advanced-economy ones
• Gold prices have fallen this year due to higher interest rates and energy costs
• Central banks are using domestic accumulation programs to purchase gold with local currency