Yesterday at 6:43 AM | Gold

Central banks kept buying gold in first quarter of 2025 — Money Metals

Central banks kept buying gold in first quarter of 2025 — Money Metals

Over the past week, gold declined 2.6% to $3,201 per ounce, while stock markets rebounded following softer trade tariff rhetoric of the US administration. This data was reported by the online resource Gold Eagle.

American consumers remain uninterested in buying gold. However, the situation differs markedly in Asia. According to Money Metals, the People's Bank of China (PBOC) added 13 tons to its gold reserves in the first quarter of 2025, bringing official holdings to 2,292 tons.

Money Metals experts believe China's central bank likely holds significantly larger gold reserves than officially reported. Currently, the PBOC stores approximately 5,000 tons of monetary gold in Beijing—double its publicly declared holdings.

Other significant gold buyers in the first quarter were Qatar, Turkey, Egypt, and Azerbaijan.

The World Gold Council anticipates this trend will continue, as de-dollarization remains a key factor driving central banks metal buying.

Elena Dorohina MarketCheese
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
Today at 10:52 AM 34
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
Today at 09:19 AM 34
Period: 13.05.2025 Expectation: 19100 pips
ETHUSD gains momentum toward $2,000
Today at 08:42 AM 30
Period: 08.05.2025 Expectation: 1000 pips
GBPUSD to pull back from 1.33000 to 1.32000
Today at 06:51 AM 14
Period: 16.05.2025 Expectation: 1800 pips
Breaking support at 1.38 may push USDCAD down to 1.362
Yesterday at 11:20 AM 35
Period: 08.05.2025 Expectation: 2000 pips
USDJPY to rebound from 144,000 to 145,500
Yesterday at 09:58 AM 55
Go to forecasts