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Mid Session Commentary - Detailed News

Commodities Buzz: WGC says 43% of central bankers said they expect their own gold holdings to rise over next 12 months
08-Jul-25   12:07 Hrs IST
Global central banks kept on buying gold in May compared to other months, according to a latest update from the World Gold Council (WGC). Central banks bought only 20 tonnes of gold, which dips under the 12-month average of 27 tonnes but still maintains a steady rate that's been going on for years. Despite this, fresh tensions in the Middle East have reinforced gold's strategic appeal for central banks seeking protection from geopolitical shocks. The WGC's recently released Central Bank Gold Reserves Survey 2025 also highlights this ongoing interest. Central banks worldwide continue to focus on gold, with 95 per cent of respondents expecting official reserves to grow. This marks an increase from 81 per cent last year. Additionally, a record 43 per cent of central bankers said they expect their own gold holdings to rise over the next 12 months.

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