Central banks round off 2022 with more net purchases in December
In December, central banks have reported adding a net 28t of gold to global reserves, down sharply (53%) from the previous month (60t).
Central banks add more gold in November as China joins the fray
Central banks bought a further 50 tonnes (t) on a net basis during the month, a 47% increase from October's (revised) 34t.
Central banks maintain their appetite for gold
Central banks continue to accumulate gold according to the latest data available. In October – data is lagged by two months – central banks added a further net 31t of gold to international reserves (-41% m-o-m).
International Reserves after the Russia Sanctions: A Role for Gold?
Financial sanctions imposed on Russia and specifically steps taken by a group of countries, led by the United States, to freeze the foreign reserves of the Bank of Russia are widely touted as auguring important changes in the international monetary and financial system. In this paper Prof. Barry Eichengreen asks whether one of these effects will be to enhance the international monetary and reserve role of gold.
Central bank accounting practices for monetary gold - 2022 update
The diversity of monetary gold accounting practices prompted the World Gold Council to undertake a study of central bank monetary gold accounting practices, first published in 2016 and updated in 2022 as Central bank accounting practices for monetary gold – 2022 update. The update adds central banks covered, better aligns practices with accounting frameworks, and expands the number of gold accounting issues covered.
A Central Banker's Perspective: the role of gold in Kazakhstan
Gold plays an important role in the management of reserve assets, being one of the few assets that are widely approved under the investment guidelines used by the world's central banks.
Summer slowdown for central bank net purchases
Central bank net purchases of gold slowed to 20t in August, halving m-o-m. This is the fifth consecutive month of net purchases from the central banking sector.
Central banks’ appetite for gold continues in July
Central bank demand remained robust in July. Global gold reserves increased by 37t (net), below June’s 64t increase. Added to the 270 of net purchases over H1, this pushes YTD central bank demand towards the 300t mark.
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