India and China boost gold reserves while cutting US Treasury holdings, data show
AI Market Summary
India and China are increasing gold reserves while reducing US Treasury exposure, reinforcing a multi-year central-bank diversification trend tied to geopolitical risk and sanctions/asset-freeze concerns. World Gold Council data showing ~1,000 tonnes/year of central-bank buying and rising gold share in global reserves supports continued structural demand for bullion as a reserve asset. In the near term, the narrative favors gold's relative role as a non-sovereign store of value amid shifting reserve composition.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.12%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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India and China’s central banks have been adding gold and reducing exposure to US Treasuries, with India’s gold reserves up 33.9% over three years to 881 tonnes and its Treasury holdings down 22.5% over six years to $181 billion. China’s Treasury holdings fell 12.4% over one year to $651 billion. Global central banks have bought an average of 1,000 tonnes of gold a year over the past four years—double the prior decade’s average—amid rising geopolitical risk, lessons from asset freezes and a longer-term shift toward dedollarization. Gold’s share of global central bank reserves has climbed to 27%, while US Treasuries’ share has slipped to 22%.
