Global Gold Reserves Stand at 6138 Tonnes
As of the latest available data, the world’s central banks hold a combined 6138 tonnes of gold in their reserves. This represents a significant increase from the 5700 tonnes held in 2010, and it reflects the growing preference for gold as a safe-haven asset in times of economic uncertainty.
The United States holds the largest gold reserves in the world, with over 8100 tonnes of gold in its possession. Germany ranks second with 3360 tonnes, followed by the International Monetary Fund (IMF) with 2814 tonnes.
China has been a major buyer of gold in recent years, and it now ranks fifth among central banks with 1948 tonnes of gold. Russia has also been increasing its gold reserves, and it now holds over 2300 tonnes of the precious metal.
The growing demand for gold is being driven by a number of factors, including concerns about inflation, geopolitical tensions, and the uncertainty surrounding the global economy. Gold is seen as a safe haven asset because it is not subject to the same economic risks as other investments.
The increase in gold reserves is a sign of the growing importance of gold in the global financial system. Gold is playing an increasingly important role in protecting the value of central bank assets and providing a safe haven for investors in times of uncertainty.
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