Gold Remains Strong as Central Banks Sustain Upward Gold Buying Trend in 2024

6 November 2024

Central banks worldwide are doubling down on gold, continuing a trend that began in 2010 and which has accelerated over the last three years.

From Central Europe to the Middle East, and from Central Asia to India and China, monetary authorities are scrambling to accumulate the world’s preeminent reserve asset, and unreported buying is fueling intrigue.

With 2022 and 2023 hitting record highs for central bank gold demand, 2024 is gearing up to be nearly as impressive.

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