Analysis

Central banks continue to accumulate gold reserves

Official-sector demand remains a structural pillar of the market as reserve managers diversify away from the dollar.

Goldvero Research July 3, 2026 4 min read

Overview

Central banks have remained net buyers of gold, extending a multi-year trend of reserve diversification.

This steady official-sector demand provides a durable layer of support beneath the spot market.

Gold carries no credit or counterparty risk, which makes it attractive for reserve portfolios seeking resilience.

Diversification away from any single currency reduces concentration risk in national reserves.