Against the backdrop of confidence in the reliability of investments in dollar assets.
the use of sanctions and financial restrictions to which the previous US administrations resorted to, over recent years has increased sharply. At the same time, these actions acquired a more pronounced nature of the tool for promoting geopolitical interests. It can be noted that at first the financial crisis, and then the more aggressive foreign policy of the United States led to an increase in the attractiveness of assets outside the dollar and the euro.
The current noticeable increase in gold in the reserves of central banks - the second similar episode from the beginning of the 21st century. The first occurred after the 2008 financial crisis against the backdrop of confidence in the US financial system, many of the participants of which provoked a Sabraim mortgage crisis, and then the global financial crisis.
against this background, in 2012, the share of gold in the Central Bank’s reserves reached a mark of 22.9%, which remains the maximum in the 21st century. The new stage of a significant increase in the fraction of gold in the reserves of the Central Bank has been outlined since 2022 after the beginning of its own and freezing part of the GRI of Russia and was mainly caused by an increase in distrust of the reliability of storage of reserves of central banks in the jurisdictions of the United States, Great Britain and other developed countries. In 2023, gold and euros occupied approximately equal shares in the reserves of the Central Bank at a level of 16.5%. In 2024, according to the ECB, the share of the euro decreased to 16%, the share of gold increased to 20%.
since 2022, central banks buy more than 1 thousand tons of gold annually-twice as high as annual average values of 400-500 tons, which were observed during 2010–2020. In 2024, the leadership of the world Central Bank, as already noted, called fears of potential loss of reserves stored in other jurisdictions; The growing public debt of the United States, as well as the need to protect against geopolitical risks among the most noticeable factors that increase the attractiveness of dragmetal. These factors were noted in the study of the InVESCO Foundation, conducted in 2024, among the central banks of 57 countries of the world.
in 2025 and over the next years, the trend on large purchases of gold from the world Central Bank and an increase in the fraction of gold in the reserves of the Central Bank may be continued. In favor of this, the results of the survey conducted by the World Gold Council from February to May 2025 among 73 central banks are said. 72% of the Central Bank in 2025 announced that the share of gold in reserves in the next 5 years & quot; it will moderately increase & quot;. From geopolitical
