Are Central Banks Underpinning Gold’s Surge? | Presented by CME Group

In 2022, global central bank purchases of gold eclipsed a thousand tons for the first time since 1967. This rapid pace has shown little signs of slowing down with countries like China, Poland, Turkey, and Russia leading the way. At last glimpse, the World Gold Council estimated that global central banks held $4.7% trillion worth of gold, which is now higher than their net holdings of US treasuries.Although that statistic is shocking, it's relevant to note that it's not solely due to the amount of net purcha ...