Central bank hold global gold reserve at the highest level since 90s
BREAKING: Central banks now hold 12.1% of global gold reserves, the highest level since the 1990s.
This percentage has skyrocketed this year and has more than DOUBLED over the last decade.
China, India, Turkey, and Poland have been the largest contributors to global central bank gold purchases.
Gold now accounts for 5.4% of China’s foreign exchange reserves and reached 2,264 tonnes in 2024, a new record.
Meanwhile, gold prices have hit 35 all-time highs year-to-date and rallied 33%.
Global central banks continue piling into gold.
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