Central Banks Fuel Record Gold Demand: 16th Consecutive Year of Net Purchases

Global central banks are purchasing gold at an unprecedented rate, marking the 16th consecutive year of net accumulation. According to data from The Kobeissi Letter and BofA Global Research, this trend continues as central bank buying has reached a record-breaking annualized rate of 830 tonnes in 2025, approaching levels seen in recent years. In the first half of 2025 alone, 23 countries have increased their gold reserves, highlighting gold’s growing significance as a strategic hedge against global uncertainties.