Central Banks' $5 Trillion Gold Reserves May Increase
Andrew Naylor, Head of Middle East Affairs and Public Policies at the World Gold Council, predicted that central banks will remain major buyers of gold in the future, although their buying pace has slowed compared to previous years. He added that central banks currently hold around 38,000 tons of gold, valued at approximately $5 trillion, an increase of 863 tons over the past year. Central bank purchases continue to support global gold prices, which today stand at about $4,640 per ounce—up 18% from the year's low—but they are still below the historical peak of $5,595. Purchases by central banks are expected to continue into 2026, although annual acquisitions may be lower than in 2025. Demand is anticipated to remain strong, driven by policies of diversification and value preservation amidst geopolitical tensions and market volatility.
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