Central Banks Buy Record 1,037 Tonnes of Gold
Global central bank gold purchases hit a record 1,037 tonnes as reserve diversification away from the dollar accelerates.
Central banks worldwide purchased a record 1,037 tonnes of gold over the past twelve months. China added 225 tonnes bringing total holdings to 2,258 tonnes. India added 67 tonnes citing portfolio diversification. Saudi Arabia initiated a sovereign gold programme for the first time. For gold market analysts, sustained central bank demand provides a structural price floor. The trend reflects geopolitical dynamics: nations observed Russian reserve freezing post-Ukraine invasion and concluded gold provides uniquely sanction-proof reserve wealth outside the traditional international financial system.
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