Central bank buying strengthens in June
Last week we published our updated central bank gold statistics to include data reported for June. This new information shows that central banks added a net 59t to global gold reserves during the month.
Central banks add more gold in month of May
The latest update to our central bank holdings data set – capturing data to end-May – is now available. It shows that in May, central banks reported adding a net 35t to global gold reserves.
Central banks come out swinging but despite markedly higher rates, gold is resilient
Last week central banks stepped up their response to soaring inflation. Having been regarded as “behind the curve” in their attempts to control this issue thus far, they are now showing greater concern and resolve in bringing consumer prices down.
2022 Central bank gold reserves survey
Gold continues to be viewed favourably by central banks as a reserve asset. 25% of respondents say they have plans to increase their gold reserves, up from 21% last year.
Meandering monthly central bank activity continues with net purchases in April
So far in 2022, central banks’ monthly gold reported activity has been bobbing between net purchases and sales linked to a fairly small number of banks. As such, any significant purchase or sale from those can tip the balance in a given month.
Global central banks flipped back to net sales in March
Global central bank gold reserves fell by 4t in March (based on latest available data), flipping back to net sales following healthy net purchases of 32.3t in February
Global central bank net sales continue in February
Global central bank gold reserves fell by 6t in February. This is the second consecutive month of net sales, something not seen since 2020.
Central bank selling outweighs buying at the start of 2022
Following a strong 2021, in which central banks accumulated 463t of gold, today we’ve released the first set of central bank gold reserve data for 2022.
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