From Investing Haven
Central banks and BRICS countries are buying large volumes of gold, reducing market supply. This trend is supporting stronger price levels and reshaping gold’s role in global reserves.
Gold is attracting serious attention from central banks, especially BRICS nations looking to diversify their reserve holdings. Annual official BRICS gold purchases have held above 1,000 tonnes in recent years, with one quarterly period in 2025 showing gains of about 166 tonnes.
These steady flows remove metal from circulation and influence how the market values gold.