Governments worldwide accelerate gold purchases amid rising uncertainty

In response to heightened geopolitical tension, trade disputes and persistent inflation, governments are quietly increasing their gold reserves, a trend highlighted by a World Gold Council survey. The poll indicates that 89% of central banks anticipate a rise in global gold holdings within the next year, with a record 45% planning to add to their own caches. Nations including Poland, Uzbekistan, Kazakhstan, the Czech Republic, Chile, Jordan and Ghana have emerged as leading purchasers, while the United States continues to hold the largest amount of gold overall.

Survey participants emphasized gold’s strong performance during crises, its long-term value-preserving qualities and its ability to diversify reserve portfolios. Additionally, about 74% of banks expect the U.S. dollar’s share of global reserves to fall over five years, while gold’s share should grow. The same uncertainty driving sovereign buyers is also prompting individual investors to retain rather than sell their gold positions.