Gold Rush 2.0: Central Banks Gobble Up 1,000 Tons in Record Buying Spree
The world’s central banks are stockpiling gold at an unprecedented pace, absorbing over 1,000 metric tons in the last quarter alone—a 40% surge from last year. China, India, and Turkey lead the charge, diversifying away from dollar reserves as geopolitical tensions escalate. This historic buying frenzy is tightening supply and propelling prices to new highs, with gold hitting $2,500 per ounce today. For CEOs, the signal is clear: hedge against currency volatility as sovereign wealth shifts, or risk being caught in a liquidity squeeze. Expect gold to dominate Q4 earnings calls as a strategic asset.