The World Gold Council recently published 2022 gold demand statistics. They estimate another record quarter of central bank gold purchases in the fourth quarter. Central bank net purchases in in the quarter totaled 417 tonnes. This takes second half of 2022 total buying to 862 tonnes. At 1,135 tonnes, 2022 was the second highest year of net central bank gold buying on record since 1950.
Central banks have been net buyers of gold for 13 consecutive years, since 2010. The World Gold Council’s most recent central bank gold survey reveals the main reasons behind the banks’ decisions to own gold: its performance during times of crisis, its role as a long term store of value and its high liquidity. All reasons, we believe, to own gold.
MVIS® Global Junior Gold Miners Index
2/13/2022-2/13/2023
Source: MarketVector IndexesTM. All values are rebased to 1,000. Data as of February 13, 2023.
Get the latest news & insights from MarketVector
Get the newsletterRelated:
