Analysis from financial news outlets and expert reports

World Gold Reserves Reach 1,170 Million Ounces; Central Banks Repurchased 74% Since 2008

Jan 10, 2025, 04:00 PM

As of January 2025, official world gold reserves have reached 1,170 million fine troy ounces, surpassing the levels seen before the U.S. dollar's detachment from gold in 1971. This increase in gold reserves is attributed to central banks accumulating gold as a key component of a new monetary system. Since the financial crisis of 2008, central banks have repurchased 74% of the gold they sold between 1965 and 2008, with current gold holdings at 6% of the all-time high recorded in 1965. Analysts predict that the global gold market will continue its strong performance into 2025, with central banks remaining the primary buyers as they diversify their reserves. In China, estimates suggest total gold accumulation, including official, commercial, and private holdings, could be around 35,000 tonnes, raising questions about the reported official reserves of approximately 2,279.3 tonnes. The geopolitical landscape and central bank activities are expected to further influence gold prices, which have already seen a substantial increase since the beginning of Trump's presidency.