On June 4, the World Gold Council's latest report revealed that after a significant net sale of gold in March, global central banks returned to net purchases in April, collectively adding 17 tons of gold, although the overall purchasing scale remains lower than the same period last year. Poland led the world with a gold purchase of 14 tons, bringing its total increase for the year to 45 tons, with total gold reserves reaching 595 tons. The People's Bank of China added 8 tons of gold in April, marking the largest monthly increase since December 2024, raising its gold reserves to 2,322 tons and achieving an 18-month consecutive increase. The Czech National Bank also increased its gold holdings for the 38th consecutive month, adding 2 tons in April. Meanwhile, the Central Bank of Russia continued its trend of reduction, net selling 6 tons of gold in April, with total sales for the year reaching 22 tons, marking the fourth consecutive month of net sales. Uzbekistan slightly reduced its holdings by 1 ton in April but has still increased its total by 24 tons this year, with gold reserves accounting for 88% of its foreign exchange reserves. The World Gold Council noted that central banks in Eastern Europe and Asia remain the primary force behind global official gold purchases. Over the past 36 months, the average monthly gold purchases from these two regions reached 12 tons and 11 tons, respectively, continuously supporting global gold demand. A survey conducted in 2025 indicated that 95% of the surveyed central banks expect global official gold reserves to continue growing over the next year, with 43% planning to further increase their gold holdings, up from 29% the previous year.
All Comments