OMFIF Survey Shows 45% of Central Banks Plan Higher Gold Holdings as Prices Seen at $5,000-$6,000
Updated
Updated · Kitco NEWS · Jul 2
OMFIF Survey Shows 45% of Central Banks Plan Higher Gold Holdings as Prices Seen at $5,000-$6,000
3 articles · Updated · Kitco NEWS · Jul 2
Summary
45% of central banks expect to raise gold holdings over the next 12 months, while OMFIF found reserve managers still broadly bullish despite gold’s recent correction.
Many respondents see bullion trading at $5,000 to $6,000 an ounce next year, reflecting demand driven less by short-term price moves than by reserve strategy.
Central banks are buying gold to diversify away from the U.S. dollar, add liquidity and hold a politically neutral asset as geopolitical fragmentation deepens.
Nearly 90% expect total official global gold reserves to keep rising, reinforcing a trend the World Gold Council also highlighted two weeks earlier.
Goldman Sachs still sees sovereign buying as a key market pillar and forecasts gold could approach $4,900 an ounce next year, even as rates and currencies drive near-term volatility.
What event could trigger a sudden reversal in central banks' multi-decade gold buying spree?
As nations hoard gold to bypass the dollar, what is the next phase for global trade?
Does the global rush for 'safe haven' gold ignore the rising environmental cost of mining?
Central Bank Gold Holdings Surge to All-Time Highs: De-Dollarization and Geopolitical Tensions Reshape Global Finance
Overview
Central banks around the world are making a significant and sustained shift toward increasing their gold reserves, marking a major structural change in global reserve management. This move is largely driven by escalating geopolitical tensions, prompting central banks to strategically bolster their gold holdings as a hedge against risk. Recent data shows that countries like Kazakhstan and Turkey have notably increased their gold reserves in 2025, reflecting a broader trend of accumulation. This ongoing strategy highlights how central banks are responding to global uncertainty by prioritizing gold as a secure and reliable asset for the future.