Central banks increased gold purchases in May 2025

In May, the world's central banks purchased +20 tons of gold net, which is higher than April's +12 tons. Kazakhstan became the largest buyer, adding 7 tons, followed by Turkey and Poland (+6 tons). According to a PEW survey, 43% of central banks plan to increase reserves, and 76% expect the share of gold in global reserves to grow in the next 5 years.