Global central banks hold their most gold this century

Global central-bank gold holdings have reached their highest level of the 21st century, extending the long-term accumulation of the precious metal by official institutions.
The increase reflects sustained demand for gold as a reserve asset as central banks diversify their holdings and manage currency, geopolitical and sovereign-risk exposure.
Continued official-sector accumulation represents an important structural source of demand for gold, although prices remain sensitive to real yields, the U.S. dollar and broader macro conditions.