Tuesday, October 7, 2025

Eastern Europe Central Banks Lead Global Gold-Buying Spree

Eastern European central banks are ramping up gold purchases, with Poland leading global acquisitions as regional monetary authorities seek to shield their economies from geopolitical risks.

The Czech National Bank aims to double its gold reserves to 100 metric tons within three years, Governor Ales Michl told Bloomberg Television after inspecting the country’s holdings at the Bank of England. The bank, which holds about $150 billion in foreign reserves, has increased its gold stockpile fivefold since 2022.

Source: Bloomberg News

Poland emerged as the world’s largest gold buyer in the second quarter, according to World Gold Council data. Its central bank now holds approximately 420 tons of gold — about half the reserves of India or Japan — with plans to increase gold’s share to 20% of total reserves.

Hungary and Serbia have also joined the regional push. The Hungarian central bank increased its reserves by more than 10% to 110 tons this year, while Serbia has tripled its holdings to 48 tons since 2012 and repatriated its foreign-held gold in 2021.

Serbian Central Bank Governor Jorgovanka Tabakovic cited ongoing global tensions as a key factor. “Gold is gaining value and importance in times of global turbulences, especially in geopolitical conflicts and periods of high inflation,” she told Bloomberg in an email.

Goldman Sachs forecasts gold prices could reach $3,000 per ounce by December 2025, while Bank J. Safra Sarasin noted in a November 10 report that “geopolitical fragmentation is favorable for gold, while gradual dollar weakening should be a further tailwind.”


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Outcrop Gold Begins 12,000 Metre Drill Program At Santa Ana

Outcrop Gold Corp (TSXV: OCG) this morning announced that it will be undertaking a 12,000...

Thursday, March 11, 2021, 08:23:44 AM

Grande Portage Hits 1.78 Metres Of 4.15 G/T Gold In New Vein At Herbert, 18.29 G/T Gold In Goat Vein

Grande Portage Resources (TSXV: GPG) this morning released further results from its 2020 drill program...

Monday, December 14, 2020, 09:01:30 AM

Gold Rush Sets Stage For Higher Value For Exploration Projects

FULL DISCLOSURE: This is sponsored content for Sonoro Gold. Entering 2025, the global economy is...

Saturday, February 8, 2025, 02:26:00 PM

GOLD: The World’s Most Exciting Undeveloped Mining Project? | Rudi Fronk – Seabridge Gold

In this interview, Rudi Fronk, Chairman and CEO of Seabridge Gold Inc. (TSX: SEA) (NYSE:...

Monday, January 20, 2025, 02:53:00 PM

Equinox Gold Effectively Locked Out Of Los Filos Mine Complex Following Community Dispute

Equinox Gold Corp (TSX: EQX) (NYSE: EQX) this morning is learning first hand how important...

Friday, September 4, 2020, 08:39:49 AM