Global central banks added 19 tonnes of gold to their reserves in February, marking an unbroken 23-month streak of net purchases as nations aggressively diversify their global holdings.
Poland Leads The Charge
The latest February data pushes year-to-date net gold purchases to a robust 25 tonnes, underscoring what analysts view as a monumental shift in reserve management.
The National Bank of Poland dominated the month’s activity, acquiring a staggering 20 tonnes. This purchase brings Poland’s total gold reserves to 570 tonnes, comprising roughly 31% of its total foreign exchange holdings.
Other notable buyers included the Central Bank of Uzbekistan, which added 8 tonnes, and China, which purchased 1 tonne. While smaller in volume, China’s acquisition marks its 16th consecutive monthly purchase, pushing its massive stockpile to 2,308 tonnes.
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