Global central banks own about 17 percent of all the gold ever mined, with reserves topping 36,699 metric tons (MT) at the ...

"Central banks continued to hoover up gold at an eye-watering pace" in 2024, according to a report by the World Gold Council, as purchases accelerated sharply in the fourth quarter. Total demand last ...

The world’s demand for gold hit another record high in 2024 amid robust central bank purchases and investment demand growth, ...

Joe Cavatoni, market strategist at the World Gold Council, said central bank purchases were driven by "concerns about ongoing inflation, geopolitical tensions, and needs to add diversification to ...