Why China, India, Russia and Poland Keep Stacking Gold Reserves
Sovereign buyers added more than 1,000 tonnes of gold for three consecutive years. We break down who is buying, why, and what it signals for reserve managers everywhere.
Apr 13, 2026
Sovereign buyers added more than 1,000 tonnes of gold for three consecutive years. We break down who is buying, why, and what it signals for reserve managers everywhere.
From Shanghai Gold Exchange withdrawals to the explosive growth of investment-grade bars, Chinese gold demand is reshaping the global market in real time.
The United States still tops the list at 8,133 tonnes, but the gap is closing. A country-by-country breakdown of the world's largest official gold holders.