Gold continues to be a safe haven asset

DNVN - According to 2025 data just released by the World Gold Council (WGC), 95% of reserve managers said they expect central banks to continue to increase their gold reserves in the next 12 months. This is a record high since the survey began in 2019 and a 17% increase compared to the data recorded in 2024.

The Central Bank Gold Reserves Survey (CBGR) 2025, which surveyed 73 central banks globally, found that nearly 43% of central banks plan to increase their gold reserves in the coming year. Reserve managers remain positive on gold, with prices hitting multiple record highs2 and central banks buying gold for the 15th consecutive year.

Gold continues to act as a safe haven asset that helps mitigate risk amid persistent economic and geopolitical uncertainty that puts pressure on reserve managers. The three main reasons central banks and reserve managers are prioritizing gold as an asset at the moment are its long-term value preservation ability (80%), its role as an effective portfolio diversifier (81%), and its performance in times of crisis (85%).

More and more central banks are increasing their domestic gold holdings.

Central banks in emerging market and developing economies (EMDEs) once again maintained a positive outlook on the future share of gold in their reserve portfolios. Notably, 28 out of 58 (48%) EMDE countries surveyed expect their gold reserves to increase over the next 12 months, while 3 out of 14 (21%) developed economies have similar intentions, up from last year.

Interest rates remain a key driver of demand for gold in both groups of countries. However, while inflation (84%) and geopolitics (81%) are top concerns for EMDEs, 67% and 60% of respondents from developed economies share the same concerns.

Notably, more central banks are increasing their gold holdings domestically: 59% of central banks hold gold in their national reserves, up from 41% in 2024. In addition, most central banks surveyed (73%) expect the share of the US dollar in global reserves to decline by a moderate or high rate over the next five years. However, these institutions also expect the share of other currencies (such as the euro or yuan) and gold in global reserves to increase over the same period.

“Nearly half of the central banks surveyed intend to increase their gold holdings in the coming year. This is remarkable, especially given that gold has already reached record highs in 2025. This reflects the current global financial and geopolitical climate. Gold continues to be a strategic asset in a world facing uncertainty and volatility. Concerns about interest rates, inflation and uncertainty are driving central banks to turn to gold to hedge against risk,” said Shaokai Fan, Regional Director for Asia-Pacific (excluding China) and Head of Global Central Banks at the World Gold Council.

Tram Ngoc

Source: https://doanhnghiepvn.vn/kinh-te/vang-tiep-tuc-la-tai-san-tich-tru-an-toan/20250617064613580