The World Gold Council (WGC) has identified central banks as being among the largest buyers of gold in recent years. The council’s 2024 Central Bank Gold Reserves Survey, which included 70 central banks, found that their sentiment towards gold remains very high with 29% indicating they will add more gold in the next 12 months and 81% stating that official sector gold reserves overall will grow during the same period. The WGC expressed optimism that gold’s future role in global reserves will continue to grow, with 69% forecasting that gold’s share of reserves will be higher in five years compared to 62% last year. ... (full story)