WGC reports increase in global central bank gold reserves by 20 tons in May

According to World Gold Council (WGC) data, global central banks collectively increased their gold reserves by 20 tons in May. Kazakhstan was the most active buyer, accounting for 7 tons of this total. WGC expert Marissa Salim noted that May's figure remains close to the 12-month average of 27 tons.

Donald Trump's unpredictable policies, global trade tensions, and instability in the Middle East continue to sustain central banks' interest in gold as a traditional safe-haven asset. A recent WGC survey of central banks showed that 95% of them anticipate gradual growth in official gold stocks. In 2024, only 81% of respondents shared this view.

WGC experts also report a record 43% of central banks indicating that their own reserves would rise over the next 12 months.

Besides Kazakhstan, eight other global central banks added to their gold holdings in May. Turkey was also among the leading purchasers, acquiring 6 tons of the yellow metal, according to WGC data.