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 The United States has the largest gold reserve, followed by Germany. Image: IMF
Countries with the Largest Gold Reserves Worldwide This chart shows that the U.S. has the largest gold reserve, followed by Germany. Image: Statista
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 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
International Liquidity by Country – Total Reserves Excluding Gold, U.S. Dollars USA holds $115 billion and China holds over $3 trillion in reserves. Image: howmuch.net
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 The share of the U.S. dollar in global reserves has decreased and now stands at 59%. Image: Goldman Sachs Global Investment Research
Inflation – U.S. Core PCE The GS Core Inflation Tracker has dropped below the Federal Reserve’s target of 2%, a key element of its monetary policy designed to maintain price stability and anchor inflation expectations. Image: Goldman Sachs Global Investment Research
U.S. Core CPI Inflation The June CPI report suggests the price trend is aligning with the Federal Reserve’s goals, leading Goldman Sachs analysts to anticipate the Fed’s first rate cut in September. Image: Goldman Sachs Global Investment Research