Central banks increase gold reserves amid geopolitical shifts

central bank gold reserves People's Bank of China gold stockpiling de-dollarization monetary policy

Central banks are actively adjusting their gold reserves to manage geopolitical risks and diversify wealth. The People's Bank of China has increased its gold holdings for 23 consecutive months, adding 740,000 ounces in September. This brings China's total official gold reserves to approximately 2,409 tonnes, a move seen by analysts as part of a broader de-dollarization strategy.

Globally, central banks reported net gold purchases of 39 tons in August, bringing the year-to-date total to approximately 170 tons. Notable buyers include Poland, which has been a major purchaser in 2026, and Uzbekistan and Kazakhstan, which also recorded net increases. In contrast, the Central Bank of Russia continued to sell gold.

In Europe, central banks are rethinking storage locations. The Dutch central bank (DNB) relocated 86 tonnes of gold from North America to London to improve liquidity and crisis preparedness. Meanwhile, representatives from the Deutsche Bundesbank and Banca d’Italia reaffirmed that gold remains a strategic component of currency reserves despite rising bond yields.

Entities

Bank of America · Bank of England · Central Bank of Uzbekistan · Central Bank of the Republic of Türkiye · China · De Nederlandsche Bank · Deutsche Bundesbank · Federal Reserve · Goldman Sachs · HSBC · JPMorgan · National Bank of Poland

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Poland's central bank purchased 8 tons of gold in August. www.gazetebirlik.com
[○ 1 SOURCE] Gold prices declined as investors awaited the Federal Reserve's September meeting minutes. aftabnews.ir
[○ 1 SOURCE] Spot gold prices fell by 0.3 percent to $4,150.23 per ounce. aftabnews.ir
[○ 1 SOURCE] China's foreign exchange reserves reached $3.4 trillion at the end of September. fouladnews.ir
[DISPUTED] China's gold purchases have continued for 23 consecutive months. fouladnews.ir · negarmag.com · cafef.vn · www.chiangraitimes.com · www.economica.net · +1 more
[● 4 SOURCES] Global central banks recorded a net purchase of 39 tons of gold in August. www.gazetebirlik.com · www.cumhuriyet.com.tr · criptotendencia.com
[DISPUTED] China's central bank increased gold reserves by 740,000 ounces in September. fouladnews.ir · negarmag.com · www.chiangraitimes.com · www.economica.net · finanzmarktwelt.de
[● 5 SOURCES] China's gold reserves reached 77.47 million ounces at the end of September. fouladnews.ir · negarmag.com · www.chiangraitimes.com · www.economica.net · finanzmarktwelt.de
[● 2 SOURCES] The Central Bank of the Republic of Türkiye (TCMB) added 3 tons of gold to its reserves in August. www.gazetebirlik.com · www.cumhuriyet.com.tr
[● 4 SOURCES] Total net gold purchases by central banks reached 170 tons from the start of the year through August 2026. www.gazetebirlik.com · www.cumhuriyet.com.tr · criptotendencia.com
[DISPUTED] China's official gold reserves have risen to 2,387 tons. www.gazetebirlik.com · www.cumhuriyet.com.tr · tuoitre.vn
[● 2 SOURCES] Uzbekistan and Kazakhstan recorded net gold purchases in August. www.gazetebirlik.com · www.cumhuriyet.com.tr