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Senior Analyst, EMEA
World Gold Council
Global central bank gold reserves fell by 6t in February. This is the second consecutive month of net sales, something not seen since 2020.
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Senior Analyst, India
World Gold Council
Global official gold reserves increased by 14.2t in December according to data released by the IMF. Healthy purchases from Turkey and Uzbekistan lifted gross purchases during the month. This marked the tenth monthly purchases for 2021.
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Senior Analyst, EMEA
World Gold Council
Global official gold reserves fell by 21.5t in November according to data released by the IMF. A sizable sale from Uzbekistan tipped the balance in what would have otherwise been a flat month.
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Head of Central Banks
World Gold Council
The world appears to be poised for the next step in the evolution of money. Private cryptocurrencies have emerged as a potential new medium of exchange, although their long-term viability is yet to be proven. Central banks have also seized on the possibilities brought about by our highly digitised world with the development of central bank digital currencies, or CBDCs.
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Deputy Governor
The Central Bank of the Republic of Uzbekistan
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Senior Analyst, EMEA
World Gold Council
Central banks bought 28.4t of gold in August, 9% less than in July. Leaving aside January’s 11.2t net sale, this is the lowest level of monthly net purchases so far this year.
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Senior Analyst, EMEA
World Gold Council
Today we’ve published our latest central bank statistics which now includes data for July. Central banks added a net 30.1 tonnes (t) to global official gold reserves during the month, virtually in line (+0.3%) with net purchases in June. This continues the healthy level of interest in gold we have seen from central banks so far this year.
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Senior Analyst, EMEA
World Gold Council
Based on available data, central banks bought a net 32t of gold in June 2021. While Brazil was by far the bigger buyer in the month, several other central banks were active.
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Senior Analyst, EMEA
World Gold Council
In a move which brings it closer in line with the US approach, the European Central Bank (ECB) has decided to adopt the tolerance for inflation overshooting its target. What does this mean for European investors, who have been watching the wrangling within the ECB over the direction of monetary policy for months now?
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Senior Analyst, EMEA
World Gold Council
Following a higher level of monthly net purchases in March and April, our latest data published today shows that this trend continued into May.
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Chief Market Strategist
World Gold Council
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Head of Central Banks
World Gold Council
As Krishan Gopaul’s blog post last week pointed out, central banks have been buying gold during the first four months of 2021. Over that period, we estimate that the official sector has added 150-200 tonnes of gold.
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Manager, Central Banks & Public Policy
World Gold Council
The World Gold Council is launching the Central Bank Dashboard, an innovative web-based tool that allows the comparison of central bank gold reserve holdings across regions, income levels, foreign exchange arrangement and other qualitative and quantitative indicators.
The Central Bank Dashboard provides users with the flexibility to visualise trends in gold and foreign exchange reserve holdings across a multitude of vantage points.
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Head of ASEAN and Public Policy
World Gold Council
There has been much debate about the implications of Basel III on the bullion industry. What is clear is that the under the current rules the cost to banks of holding gold on balance sheet will increase – the NSFR requires 85% of required stable funding.
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Senior Analyst, EMEA
World Gold Council
We have written before about how, after a more inconsistent picture for central bank demand in the second half of 2020, our expectation was for continued net purchases in 2021 but at a more moderate pace than in previous record-setting years. So, how is that expectation holding up?
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Head of Central Banks
World Gold Council
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Director, Central Banks and Public Policy
World Gold Council
Last month Hungary tripled its gold reserves. The decision by the National Bank of Hungary (Magyar Nemzeti Bank, MNB) to increase its gold reserves to 94.5 tonnes, a historic high, follows a 10-fold increase in Hungary’s gold holdings in the last quarter of 2018.
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Senior Analyst, EMEA
World Gold Council
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Senior Analyst, EMEA
World Gold Council
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Senior Analyst, EMEA
World Gold Council
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