Central Banks Boost Gold Reserves Amid Global Uncertainty

Central banks around the world are buying gold at an increased pace to protect their economies from inflation, currency swings, and financial shocks. According to recent data from the World Gold Council and the International Monetary Fund (IMF), the United States dominates global gold reserves with over 8,133.5 tonnes stored across major official facilities.

Germany holds the second-largest reserve, at around 3,355 tonnes, followed by Italy and France, which have built up their reserves over many decades. However, countries like China, Russia, Poland, Kazakhstan, and India are expanding their gold reserves as part of long-term diversification strategies.

Poland stands out as the most aggressive buyer in the developed world, with its reserves growing from 103 tonnes in 2018 to around 582 tonnes by early 2026. The National Bank of Poland has formally adopted a target of 700 tonnes, making its long-term buying plan public.