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Originally published by Nation Business
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business
June 26, 2026
4h ago

Central bank gold reserves hit 50‑year high. What’s behind this jump?

Central bank gold reserves hit 50‑year high. What’s behind this jump?

Central bank buying of gold picked up after Russia’s invasion of Ukraine in 2022...

✨ Key Highlights

Central banks have significantly increased their gold reserves, reaching a level not seen in approximately 50 years. This surge in gold holdings is a notable shift in official reserve assets.

  • Official agencies now hold over 36,000 tonnes of gold, the highest quantity since 1975.
  • The trend has been accelerated by demand from emerging markets and developing economies, including Russia, China, and Turkey.
  • Key drivers for this increase are gold's performance during crises, its role as a store of value, portfolio diversification, and protection against financial sanctions.

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