Central banks, once the staid custodians of national treasure, have in recent years developed something of a glittering habit. In 2024 and through 2025 they resumed large-scale buying of gold, often at a pace not seen since the 1960s. The renewed enthusiasm, led by the People’s Bank of China (PBoC), has coincided with a world marked by war, fractious geopolitics and a wobbling global economy. Gold, so often dismissed as a relic, is once again the instrument of choice for nervous policymakers. According to analysis by BestBrokers, drawing on the World Gold Council’s November data release, the price of gold surged to ... (full story)