This chart illustrates the top countries in central bank gold purchases from 2010 to 2023.
Since the 2007-2008 financial crisis, central banks have increasingly turned to gold as a safeguard. A 2023 survey revealed that 59% of central banks intend to expand their gold reserves. This trend is driven by factors such as domestic gold production, strategic adjustments, and financial risks like inflation.
While the United States maintains the largest gold holdings, the rapid growth of emerging markets is narrowing the gap. Since 2010, emerging markets have collectively acquired over 3,200 tons of gold.
Source: https:www.mongolianminingjournal.com
