From Yahoo Finance: 2025-06-17 12:10:00

Central banks are buying gold at a record pace, with 95% expecting global gold reserves to rise. 73% anticipate a decline in US dollar holdings over the next five years, driving demand for assets in Europe and Asia. Gold prices hit all-time highs, fueled by central bank purchases and expectations of Fed rate cuts.

Central banks have been steadily increasing gold purchases, adding over 1,000 tonnes annually in recent years. Wall Street remains bullish on gold, but Citi expects demand to ease as a Trump “put” kicks in ahead of the 2026 elections. Analysts predict gold returning to $2,500 to $2,700 an ounce by the second half of 2026.

Year to date, gold is up approximately 27%. Ines Ferre is a Senior Business Reporter for Yahoo Finance. For more in-depth analysis of stock market news and events, visit Yahoo Finance. Stay updated on the latest financial and business news by reading Yahoo Finance’s latest articles.

Read more: Central banks forecast more gold purchases, fewer US dollar reserves in years ahead