Gold Rush 2.0: Central Banks Worldwide Amass Largest Gold Reserves in Recorded History
GENEVA, SWITZERLAND - Global central banks have collectively acquired more gold in the first quarter of 2025 than in any previous three-month period, official data released by the World Gold Council confirmed today. The aggregate net purchases reached 723 metric tons, a 68 percent increase from the same period last year. Financial analysts attribute this unprecedented accumulation to a strategic shift away from Western currencies as primary reserve assets. The central banks of China, India, and Turkey accounted for over 400 tons of the total purchases, signaling a significant geopolitical hedge against inflationary pressures and potential economic sanctions. The surge in demand has pushed spot gold prices to a new record high of $3,150 per troy ounce, prompting domestic markets to issue volatility warnings for futures contracts. Experts anticipate this sovereign buying spree will continue through the second quarter, fundamentally altering the architecture of global foreign exchange reserves.