WGC: 29% of central banks to buy gold in 2025
2025-04-01 13:15:27 - From: Shafaq News
Shafaq News/ Nearly a third of the world’s central banksplan to increase their gold reserves in 2025, driven by financial marketconcerns and rising economic risks, the World Gold Council said on Tuesday.
The council revealed in a report that 29% of central banksintend to purchase gold this year to rebalance reserves to a more strategiclevel amid market uncertainty, and persistent inflation.
In 2023, the banks added 1,037 tons of gold, marking thesecond-highest annual purchases on record, following a record 1,082 tons in2022.
Iraq holds 162.7 tons of gold, ranking 28th globally amongcountries with the largest gold reserves.
