Here's how central banks have used gold in the last 30 years

Mar 20, 2023

In 2022, central banks bought gold at the fastest pace since 1967. Image: Unsplash/Jingming Pan

Govind Bhutada

Author, Visual Capitalist

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In 2022, central banks snapped up gold at the fastest pace since 1967. Image: Visual Capitalist

Since 2010, central banks have been net buyers of gold on an annual basis. Image: Visual Capitalist/IMF

Central banks have long held gold as part of their reserves to manage risk from currency holdings and to promote stability during economic turmoil. Image: Visual Capitalist

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