The past few years have seen a fundamental shift in central banks’ behaviour with respect to gold. Emerging market central banks have increased their official gold purchasing, while European banks have slowed sales under the third Central Bank Gold Agreement (CBGA3). In total, central banks bought a net 588 tonnes of gold in 2014, according to Thomson Reuters GFMS, the highest purchase volume since 1964.

The World Gold Council’s Reserve Asset Management programme caters exclusively for reserve asset managers and government officials around the world. We provide authoritative research, education and training on the gold market to help navigate these changes and make informed decisions about using gold to meet reserve management objectives.

Why are central banks buying gold?


What we do - Education

The next Executive Programme in Gold Reserves Management will take place at the University of Cambridge Judge Business School from 19 to 23 September 2016. Leading the programme will be distinguished scholars from Cambridge, experts from the World Gold Council, leading gold industry insiders, and policymakers from both central banks and international institutions.

To register or for further information, please click here.



What we do - Advisory

The World Gold Council is able to support the specific needs of central banks through bespoke research or training sessions in our global offices.

Access our bespoke research and training.