According to preliminary estimates by the World Gold Council (WGC), global central banks increased the volume of gold in their gold and foreign exchange reserves by 18.5 tons in January.
► Read the telegram channel “Minfina”: main financial news
Interest in gold
“Central banks remained active in gold in January,” said WGC analyst Marissa Salim. “The robust buying underscores gold’s strategic role in the global currency reserves, particularly as central banks navigate heightened geopolitical risks.”
Who bought and how much
Central banks of developing countries remain the most active buyers. The top 3 in January included Uzbekistan (purchased 8.1 tons), China (5 tons) and Kazakhstan (3.8 tons). Poland (3.1 tons), India (2.8 tons), the Czech Republic (1.7 tons), Qatar (1.3 tons) and others also continue to increase their reserves.
Russia (3.1 tons), Jordan (3 tons) and Kyrgyzstan (1.9 tons) reduced their gold reserves in January.
🕵️ We created a short survey to learn more about our readers.
💛💙 Your answers will help us become better, pay more attention to the topics that interest you.
🤗 We would be grateful if you could take a minute to answer our questions.