Overview
- Central banks bought 53 tonnes of gold in October 2025, the strongest monthly total this year, with World Gold Council data showing a 36% rise from September.
- Year to date through October, official-sector purchases reached about 254 tonnes, placing 2025 among the highest accumulation years this century.
- Poland and Brazil led October’s additions with 16 tonnes each, while several emerging markets also increased holdings and Russia trimmed reserves by 3 tonnes.
- A World Gold Council survey reports that 95% of central banks expect global reserves to grow in 2026, underscoring a structural shift in portfolio composition.
- The U.S. formally recognized Bitcoin as a national reserve asset, the Treasury manages roughly 200,000 BTC, Texas bought $10 million via a BlackRock ETF, and analysts see possible, limited central-bank allocations by 2030 subject to custody, accounting and volatility constraints.