Central banks are preparing for a record gold buying spree: a global trend toward safe-haven assets
Global financial regulators are showing unprecedented optimism toward gold. According to a fresh survey by the World Gold Council, which involved 74 central banks, 45% of them plan to increase their gold reserves over the next 12 months. This figure is the highest ever recorded, indicating the formation of a sustainable long-term trend rather than a temporary spike in interest.
Particularly noteworthy is that the share of central banks intending to replenish reserves has more than doubled since 2020. The current level of 45% marks the third consecutive annual increase. Thus, we are witnessing not just a reaction to current geopolitical instability, but a deliberate strategy to reshape reserve policy.
Emerging Markets Set the Tone
The key driver of this movement is emerging economies. Unsurprisingly, they have led the mass buying spree. According to the survey, among regulators in this group, the share planning purchases rose from 48% last year to approximately 53% this year. This clearly reflects their desire to qualitatively diversify reserves and significantly reduce dependence on traditional currency assets, primarily the U.S. dollar.
This shift in demand is a powerful signal for the market. It confirms that gold remains the primary risk-hedging tool in an environment where trust in fiat currencies and paper assets is being seriously tested.
Nearly Unanimous Growth Forecast
Positive sentiment extends far beyond local plans. In total, 89% of central banks expect global gold reserves to grow in the next 12 months. This forecast is the second-highest result in the history of such surveys. For reference, the peak was in 2025 with 95%.
The combination of record-breaking plans and near-universal expectations of growth paints a picture of strong bullish sentiment. Regulators view current price levels as an excellent opportunity for favorable entry, rather than a reason for excessive caution. This suggests that demand for gold will remain high, supporting prices even during periods of correction.
Expert opinion: The current survey is not just statistics, but a clear signal to the market. Central banks, which possess insider information about the macroeconomic situation, are voting with gold. For investors, this means the strategy of "buying on dips" remains relevant. Ignoring this trend means missing the opportunity to protect capital in an environment of global uncertainty.