Central banks' gold reserves as % of the total reserves hit the highest in over 20 years

Share of gold reserves as % of total central bank reserves hit 14.7% in 2023

Share of gold reserves as % of total central bank reserves hit 14.7% in 2023, the most in over 20 years.

This is up from 9.1% seen in 2007, the first year of the Financial Crisis.

This is a result of constant net gold buying by the world's central banks which have been net buyers for 14 years straight. More data on the central banks gold purchases and where gold is heading over the next few years in the following article.

What's next for gold?

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