Due to record-high prices, unprecedented central bank accumulation, and a move toward safe-haven assets in a geopolitical environment that is becoming more unstable, the demand for gold is changing significantly on a structural and geographic level.
From 1990 until the third quarter of 2025, the world’s central bank reserves are shown in our most recent infographic. Based on research from the World Gold Council, it compares gold to the six most-held reserve currencies, shows how demand for gold changed year over year between 2024 and 2025, and projects the price of gold through January 2027.
