Gold has proving its power as the world’s ultimate safe-haven asset
As global prices continue to soar and dominate markets, central banks worldwide are steadily increasing their gold holdings as a safeguard against inflation, currency volatility, and financial instability.
In this trend, the United States continues to lead with the world’s largest gold reserves, followed by Germany, Italy, France, and other major economies.
These countries hold the majority of the world’s central bank gold, using the precious metal to strengthen and secure their economies.
Top 10 countries with the largest Central Bank gold reserves:
1. United States
The United States holds the largest gold reserves in the world, over 8,133 tons, most of which are stored securely at Fort Knox. This massive stockpile has remained stable for decades, providing strong backing for the U.S. dollar and reinforcing the country’s global economic influence.
2. Germany
Germany is Europe’s largest holder of gold, maintaining roughly 3,350 tons. Following the Cold War, it repatriated much of its gold from abroad. Germany’s reserves serve as a crucial foundation for financial stability within the Eurozone.
3. Italy
Italy holds about 2,452 tons of gold, managed by the Banca d’Italia. Its reserves have remained steady for decades and symbolize both economic trust and the preservation of national wealth.
4. France
France maintains nearly 2,437 tons of gold, mostly stored in underground vaults beneath Paris. As one of the Eurozone’s key economies, France’s gold reserves provide stability, credibility, and confidence in its financial system.
5. Russia
Russia has rapidly increased its gold reserves over the past decade to reduce reliance on the U.S. dollar. Now holding around 2,333 tons, it combines domestic mining with strategic purchases to build one of the world’s largest gold stockpiles.
6. China
China’s official gold reserves stand at approximately 2,279 tons, though analysts believe the actual figure may be higher due to ongoing undisclosed purchases. As part of its diversification strategy, China views gold as a key hedge against global currency risks.
7. Switzerland
Switzerland’s gold reserves total around 1,040 tons, underpinning the enduring strength of the Swiss franc. Although Switzerland reduced its holdings in the early 2000s, it remains a major global hub and safe haven for gold.
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8. India
India has steadily increased its gold reserves, now holding a record 880 tons. The Reserve Bank of India continues to buy gold to strengthen the nation’s currency reserves, underscoring the metal’s vital role in Indian finance.
9. Japan
Japan holds about 846 tons of gold, which forms a small but significant portion of its vast foreign reserves. The gold supports financial security amid economic challenges and reflects Japan’s cautious monetary policies.
10. Netherlands
The Dutch Central Bank holds approximately 623 tons of gold. In recent years, it has relocated much of its gold storage back home, underscoring the importance of physical gold for national economic security.
SP/MA
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