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Global Central Banks Add 20 Tonnes to Gold Reserves in May

Waleed Farouk Global official gold reserves saw a net increase of 20 tonnes in May, according to the latest data from the World Gold Council (WGC). While this marks a modest rise compared to April, it remains below the 12-month average monthly purchase of 27 tonnes. Kazakhstan Leads Central Bank Gold Purchases The National Bank of Kazakhstan topped the list of buyers in May, adding 7 tonnes of gold to its reserves, bringing its total holdings to 299 tonnes—an increase of 15 tonnes since the beginning of the year. The Turkish central bank and Poland's national bank also recorded net purchases of 6 tonnes each. Poland has now bought a total of 67 tonnes in 2025, making it the largest net buyer of gold among central banks so far this year. Other notable buyers in May include: The People's Bank of China and the Czech National Bank, each adding 2 tonnes. The central banks of Kyrgyzstan, Cambodia, the Philippines, and Ghana, each adding 1 tonne. Singapore and Uzbekistan Lead Gold Sales On the other hand, the Monetary Authority of Singapore was the largest seller in May, reducing its gold reserves by 5 tonnes. It was followed by Uzbekistan and Germany's Bundesbank, both selling 1 tonne. On a year-to-date basis, Uzbekistan remains the largest net seller with 27 tonnes sold, followed by Singapore with 10 tonnes. 2025 Survey: Central Banks Increasingly Bullish on Gold The World Gold Council's 2025 Central Bank Gold Reserves Survey revealed a significant shift in sentiment among central banks: 95% of respondents expect global official gold reserves to rise over the next 12 months, up from 81% in last year's survey. 43% plan to increase their own gold reserves—the highest level ever recorded, compared to 29% in 2024. A record 73 central banks participated in the survey, highlighting growing interest in managing gold as a strategic reserve asset. 76% expect gold to account for a larger share of their reserves in the next five years. 73% anticipate a decline in the U.S. dollar's share of reserves. A Structural Shift in Reserve Management This shift reflects a reassessment of gold's role as a safe-haven asset and hedge against inflation and geopolitical risk—particularly amid ongoing tensions in the Middle East, which have increased gold's strategic appeal to monetary policymakers. Additionally, the rise in the number of central banks actively managing their gold holdings (44% in 2025, up from 37% in 2024) indicates a trend toward more professionalized reserve management strategies. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"