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2023 Central Bank Gold Reserves Survey

World Gold Council  

May 2023  

Category: Invest 

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According to this year's World Gold Council (WGC) Central Bank Gold Reserves survey, central banks' interest in gold persists, despite the record levels of central bank activity observed in the gold market. WGC reports that central bankers are mindful of ongoing geopolitical concerns and their potential effects on inflation, interest rates, and market conditions. Notably, Emerging Market and Developing Economy (EMDE) central banks have consistently expressed apprehension regarding the impact of geopolitics on their reserve management decisions, often regarding gold as a valuable asset for risk management. 

 

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The future of the international monetary system remains uncertain, with EMDE central banks displaying less confidence in the dominance of the US dollar compared to their counterparts in advanced economies. Given these evolving trends and the dynamic nature of the investment landscape, the WGC expects that central bank demand for gold will continue to remain strong.  

Click here to download the full World Gold Council report. 

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