Poland and Chile Identified as Major Gold Purchasers

Central banks worldwide are actively increasing their gold reserves. During the April through June period of this year, central banks purchased a total of 289 tons of gold, which was the most acquired in a single quarter. Poland was the largest buyer during that time, adding 50.79 tons to its holdings, and Chile is also reported as a significant purchaser.

The amount of gold purchased by central banks has doubled over the last four years compared to the preceding decade. This trend indicates a growing global accumulation of physical metal reserves by state actors.