2025-06-24-世界黄金协会-2025年全球央行黄金储备调查报告_39页_1mb

Central banks are accelerating their gold reserves accumulation, with holdings averaging over 1,000 tons in the last three years, up from 400-500 tons previously, driven by geopolitical and economic uncertainties. The 2025 Central Bank Gold Reserves survey recorded a record 73 responses, signaling strong engagement, and showed that 95% of respondents expect global gold reserves to increase over the next 12 months, with 43% projecting their own institution's reserves to rise. Gold is valued as a crisis-resistant asset, inflation hedge, and diversifier, with a notable shift toward reducing reliance on US dollars. Emerging market central banks show higher appetite for gold increases, while advanced economies maintain confidence in its strategic role. Separately, more institutions actively manage gold for risk mitigation, and domestic gold storage is rising, with London's Bank of England as a preferred vaulting location. Overall, gold's importance persists in reserve management amid global volatility.