Reserve asset management
The past few years have seen a fundamental shift in central banks' behaviour with respect to gold. Since 2010, they have been net buyers of gold, driven in part by uncertainty over the future of the international monetary systems and the need to diversify reserves.
Gold can help central bank officials to manage market risk, improve portfolio performance and preserve national wealth.
The gold market operates through a well-established infrastructure of market makers and clearing. Gold trading, clearing and vaulting is determined around a number of clearly-defined standards.
View a short film on how gold is traded by gold market makers.