World Gold Council: More central banks will increase gold holdings driven by geopolitical risks

ZkProver · 2026-03-24T02:47:15+00:00

Shaokai Fan from the World Gold Council stated that gold is viewed as a tool to hedge against de-dollarization and geopolitical risks, and is expected to attract more central bank participation in the market. Recently, central banks from Guatemala, Indonesia, and Malaysia have begun purchasing gold, showing new buying trends. He believes this trend will continue through 2026.

ZkProver

2026-03-24 02:47:15

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ChainCatcher News, Shaokai Fan, the head of the World Gold Council’s central banking division, stated on Tuesday that gold’s role as a hedge against de-dollarization and geopolitical risks is expected to encourage central banks that have previously been absent from the market to buy this precious metal this year.

He said that in recent months, central banks from countries such as Guatemala, Indonesia, and Malaysia have started purchasing gold. These central banks may be returning to the market after long-term pauses or making their first gold purchases. “In the past few months, some new central banks, or those that have been inactive or absent from the gold market for a long time, are entering the gold market. I believe this trend could continue into 2026,” he added. Some central banks are also buying gold from small domestic producers to support local industries and prevent these gold flows from reaching “informal participants.”

He also mentioned that during a gold sell-off in October last year, central banks took the opportunity to increase their holdings, but it is still too early to determine whether similar activity is occurring during this month’s decline.

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