🪙 According to preliminary data from the World Gold Council (WGC), central banks increased their gold reserves by 22 tonnes in June. This marks the third consecutive month of net purchases, notes WGC analyst Krishan Gopaul.
However, the results for the first half of 2025 are still slightly lower than the same period in 2024: 123 tonnes vs. 130 tonnes.
The most active gold buyers in June were:
🇺🇿 Uzbekistan – 9 tonnes
🇰🇿 Kazakhstan – 7.4 tonnes
🇹🇷 Turkey – 2.3 tonnes
🇨🇳 China – 2.2 tonnes
🇨🇿 Czech Republic – 1.6 tonnes
🇰🇬 Kyrgyzstan – 1.2 tonnes
Other central banks bought less than 1 tonne each. In addition, the State Oil Fund of Azerbaijan (SOFAZ) increased its gold holdings by 15.8 tonnes, though this figure is not included in WGC’s monthly data as it is reported quarterly.
📉 The main seller in June was once again the Central Bank of Singapore, which reduced its reserves by 5.6 tonnes.
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