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Central banks boost gold reserves despite price dips, signaling long-term confidence in gold's stability.

Market News
10 Jul 2026
Kitco
View Source
Bullish
pluang ai news

Central banks worldwide are increasing their gold reserves, with a record 45% planning to add more in the next year, according to recent surveys by the World Gold Council and OMFIF. Actual reserve data shows continued strong buying, highlighted by China's 20th consecutive month of purchases and Poland's aggressive accumulation of 82 tonnes in the first half of 2026. This trend reflects central banks' long-term strategy to hedge against geopolitical risks and financial volatility, contrasting with retail investors who have been selling gold amid rising opportunity costs. The sustained demand despite falling prices underscores gold's value as a liquid, risk-free asset independent of any single government's policies.

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Holtec Nuclear files for IPO to list on Nasdaq, aiming to expand clean energy business.

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Ethereum's annual energy use drops 99.98% post-Merge, now less than half the British Museum's consumption.

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