Key Insights
In 2024, central banks purchased approximately 1,045 metric tons of gold, marking the third consecutive year of purchases exceeding 1,000 metric tons.
Poland, India, and Turkey were the largest buyers in 2024, contributing to a total of 4,974 metric tons of gold purchased by central banks.
The surge in central bank gold purchases has led to a significant increase in gold prices, with the SPDR Gold Shares (GLD) ETF trading at $405.49 as of August 18, 2026.
AI Analysis
Central bank gold purchases are expected to remain robust in the near future, driven by ongoing economic uncertainties and a desire for reserve divers...
Market Outlook
Short-Term
The surge in central bank gold purchases has led to higher gold prices, with the SPDR Gold Shares (GLD) ETF trading at $405.49 as of August 18, 2026. This trend is expected to continue in the near term, with potential for further price appreciation as central banks maintain or increase their gold holdings.
Long-Term
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