Central Bank Gold Rush: 41 Tonnes Added in May as Record 45% Plan Massive Expansion
Global central banks are doubling down on precious metals, adding a net 41 tonnes of gold to official reserves in May alone. This surge continues a powerful multi-year buying wave that has averaged 1,000 tonnes annually over the last four years, marking a significant shift in institutional reserve management.
According to the latest World Gold Council data, the momentum is set to accelerate, with a record 45% of reserve managers forecasting further acquisitions. This massive appetite for gold underscores a global trend toward asset diversification and highlights the growing importance of gold as a hedge within official sovereign reserves.
Looking ahead, the sentiment remains aggressively bullish; a record 45% of reserve managers expect their institutions to increase their gold holdings in the near future, signaling a long-term commitment to strengthening metal-based reserves.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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