According to the latest report by JPMorgan, central banks worldwide are expected to purchase 800 tons of gold in 2023, a 70% increase compared to pre-2022 levels.
This strong demand reflects not only gold’s value-preserving properties in a volatile economic environment but also central banks’ growing interest in diversifying their reserve assets.
Demand for Gold Keeps Growing
From an investor perspective, global economic uncertainty, geopolitical tensions, and inflationary pressures have significantly enhanced the appeal of gold as a safe-haven asset.- Central banks continue to buy aggressively
- Private and institutional investments are increasing
- Gold ETF holdings are steadily rising