World central bank gold holdings down 3.2%

Analyst John C Tumazos of Prudential Financial said on Tuesday 2 November that world central bank gold holdings have declined by 3.2% since November 2002.

In a research note published on Tuesday morning, the analyst said that the US continues to hold more than 25% of the global gold reserves, despite a decline in its individual reserves in the period since November 2002. The gold reserves of China, Venezuela and Argentina have increased during the two-year period, while Switzerland, Portugal

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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