Central Bankers Plan Record Increase in Gold Reserves, Survey Finds

A record percentage of central bankers plan to increase their gold holdings, according to the World Gold Council’s annual survey. The survey, which included 70 central bankers, revealed that 29% intend to boost their gold reserves in the next year, the highest level since 2018. This trend follows significant gold purchases in the past two years, driven by strategic rebalancing and financial market concerns. Additionally, nearly two-thirds of respondents expect the US dollar’s share of global reserves to decline over the next five years.