About every second central bank in the Global South plans to expand its own gold reserves in the next 12 months, as new data show, and the currency that pays the most likely price for the layer is the US dollar.
Results of the Survey of the Central Bank Gold Reserve 2025 published On Tuesday from the World Gold Council, geopolitical instability and Potential trade conflicts As the main reasons why emerging economies change Gold much faster than advanced economies.
In a broader sense, how their international colleagues will behave in the next 12 months, there was almost unanimity regardless of the country of origin. Of the 15 central banks made of advanced economies and 58 central banks from emerging countries and dynamic economies or Emde, 95% expected total gold -plated gold reserves awaited in the next 12 months.
This helps to explain why the precious metal – despite the lack of a return towards other assets and its physical storage costs – 3.446 US dollars per ounce near his April recordDuring the US dollar index Near three years of deep.
“The uncertainty that has been implemented by the USA converted and committed in relation to trade policy recently can reduce interest in USD and USD-denominated assets as a reserve currency,” an anonymous central bank is stated in the report.
Of all the institutions surveyed, 48% of those in the world south expected that their own gold reserves would grow in the future compared to only 21% in advanced economies. The respondents argued the Des-dollarization trend that favors a shift to gold Would continue due to increased tariffs and trading inspectionism, but each decline would probably be gradually gradually due to the deep financial markets of the United States, comparatively strong legal institutions and the lack of an obvious replacement.
Customs are concerned about the safe-haven status of US dollar and financial bonds
In 2024, the central banks bought 1,045 tons of gold, which was about a fifth of global demand. This was the third year in a row, in which, according to numbers from the WGC, they are strongly accumulated over 1,000 tons, strongly compared to the 400-500-ton average in the past decade.
According to the survey, 72% of all respondents believe that the gold reserves held by the world of central banks will increase moderately over the next five years in the previous year. Another 4% of the respondents who come exclusively from unused economies predict that the profit will even be significant and will be 1 percent of 1 percentage point of 1 percent.
“The central banks will probably continue to buy gold if they are looking for ways to reduce the dependency on USD,” replied a central bank in the survey. “The latest market developments about tariffs have raised questions about the safe-haven status of USD/VAT, but strengthened it from gold.”
For comparison: 45% expect a moderate decline in the US dollar participation over the same period. While this represents an improvement compared to the 49% in the previous year, the number of dollars would increase to a significant decrease in 28% from 13% before.
The $ 43% share in the global Central Bank Reserve assets is expected to decrease
The sharpest divergences in the answers between advanced economies and the global south in connection with the trend of redarization and the major role that geopolitical tensions play when hugging them.
When asked how much of the global reserves in five years in the amount of US dollars, more central banks from non -advanced economies expected a slight decline compared to the current proportion of 43% than their colleagues in advanced economies.
For comparison, gold was only 19% of the total reserves, with 15% being assigned in euros and 2% in Chinese Renminbi.
The relationship was reversed among those who did not expect a change in the share of the dollar dollar reserves: far more advanced economies believed that this is the case than in any other place.
“This is with the latest trend of the Holdings reported by the central bank, in which we see a stronger appetite for gold accumulation of central banks (emerging countries and dynamic economies),” concluded the World Gold Council.
