Annual Changes in Central Bank Gold Reserves

Annual Changes in Central Bank Gold Reserves The significant increase in gold reserves by China, Poland, and Singapore in 2023 reflects a broader trend of central banks expanding their holdings of bullion amid escalating geopolitical and economic risks. Image: BofA Global Research

Gold Reserves by Country

Gold Reserves by Country The United States has the largest gold reserve, followed by Germany. Image: IMF

Gold Reserves Around the World

Gold Reserves Around the World The U.S. has the world’s largest gold reserves, followed by Germany, the International Monetary Fund (IMF) and France. Image: howmuch.net Click the Image to Enlarge

Central Bank Reserve Holdings of Gold

Central Bank Reserve Holdings of Gold For the first time since the end of WWII, central banks are increasing their holdings of gold to diversify their reserves away from the U.S. dollar, amid trade tensions. Image: Bernstein

Central Bank Gold Purchases

Central Bank Gold Purchases Gold remains a key focus for central banks, as it serves to fortify the stability and resilience of their reserves, especially amidst economic turbulence or currency fluctuations. Image: Goldman Sachs Global Investment Research

U.S. Dollar Share of Allocated Reserves

U.S. Dollar Share of Allocated Reserves The share of the U.S. dollar in global reserves has decreased and now stands at 59%. Image: Goldman Sachs Global Investment Research

GS U.S. Financial Conditions Index

GS U.S. Financial Conditions Index Managing inflation risks and making rate cut decisions can become challenging for the Federal Reserve when financial conditions are loose. Image: Goldman Sachs Global Investment Research

Market Pricing of Fed Cuts vs. Real 10-Year U.S. Treasury Yield

Market Pricing of Fed Cuts vs. Real 10-Year U.S. Treasury Yield When the market expects the Federal Reserve to cut interest rates, it often leads to lower real yields, as investors adjust their expectations. Image: Goldman Sachs Global Investment Research