World Gold Council: Global central banks net purchased 53 tons of gold in October, the highest monthly increase of the year

According to data from the World Gold Council (WGC), global central banks net purchased 53 tons of gold in October, a month-on-month increase of 36%, marking the largest single-month increase so far in 2025. Central banks in emerging markets such as Poland, Brazil, and Uzbekistan are actively buying gold, highlighting gold's status as a strategic reserve. Year-to-date, official net gold purchases have reached 254 tons, with Poland leading at 83 tons. WGC's survey shows that 95% of central banks expect to continue increasing their gold holdings in the coming year.