Silver Rises Over 120% YTD  Invest Now  arrow small top right

close

(888) 319-8166

Sign In / Sign Up

China Leads December Gold Purchases as Global Central Banks Scale Back

Published: 02-07-2025, 03:07 pm

Central bank gold activity showed a notable shift in December 2024, with global institutions reporting 3 tonnes of net sales according to IMF and public data sources.

The month’s activity revealed a clear tapering in demand, with gross purchases of 13 tonnes being outweighed by 16 tonnes in sales. The People’s Bank of China maintained its buying streak with 10 tonnes, while smaller additions came from the Czech National Bank and Bank of Ghana at 1 tonne each.

However, Kazakhstan’s significant 11-tonne sale dominated the month’s transactions. Looking at the broader 2024 picture, while overall activity decreased compared to 2023, substantial acquisitions were made by Poland (90 tonnes), Turkey (75 tonnes), and India (73 tonnes), highlighting continued strategic importance of gold in central bank reserves.

Original Source: Gold.org

Three gold bars stacked beside a taller stack of six silver bars, illustrating the widening gold-silver ratio in the October 2026 gold price outlook
Articles

Gold Pulls Back Ahead of Fed Meeting

Silver fell nearly three times faster than gold this month, pushing the gold-silver ratio to 73:1. Add a trimmed Goldman Sachs forecast and a Fed decision six days out, and October’s outlook turns on details most headlines have missed.

Read More »
October 22, 2026
Stacked gold and silver bars with an oil pumpjack silhouetted at sunset, representing the gold silver ratio today
News

Gold Falls as Oil Pushes Fed Rate-Hike Bets Higher 

A sharp drop in gold and an even sharper one in silver looked like classic Fed-driven selling today, but the real trigger was oil. Here’s the mechanism connecting crude prices to rate expectations, and why the thesis behind owning metal hasn’t changed.

Read More »
October 22, 2026

Latest News

News
Gold Steadies Near $4,000 as Oil Eases and the Fed’s Biggest Week Begins 
Read More
News
Russia Is Selling Its Gold, And That’s Good News For Owners 
Read More
Articles
Gold Pulls Back Ahead of Fed Meeting
Read More
Stacked gold and silver bars with an oil pumpjack silhouetted at sunset, representing the gold silver ratio today
News

Gold Falls as Oil Pushes Fed Rate-Hike Bets Higher 

A sharp drop in gold and an even sharper one in silver looked like classic Fed-driven selling today, but the real trigger was oil. Here’s the mechanism connecting crude prices to rate expectations, and why the thesis behind owning metal hasn’t changed.

Read More »
October 22, 2026
Load More

(888) 319-8166

Create An Account

Mary

Samantha is wonderful. I was nervous about spending a chunk of money. I asked her to `hold my hand’ and walk me through making my purchase.  
She laughed and guided me through, step by step. She was so helpful in explaining everything... 

A. Howard

Travis was amazing! I was having difficulty with a wire transfer of my life’s savings, and I was very worried that I might not be able to receive it all. My husband just passed away and I’ve been worried about these funds along with grieving for 8 months. As soon as I got connected with Travis, my concerns were immediately addressed and he put me at ease. The issue was resolved within days. He even called me back with updates to keep me in the loop about what was going on with the funds. I am so grateful for a customer representative like Travis. He really cares for his clients.

Sam was also very helpful! I called and was connected to Sam within 30 seconds. She helped me with a fee that was charged to my account. She had a great attitude and took care of the fee quickly.

talk to us

Get in Touch with GoldSilver Experts

    Michael G.

    Outstanding quality and customer service. I first discovered Mike Maloney through his “Secrets of Money” video series. It was an excellent precious metals education. I was a financial advisor and it really helped me learn more about wealth protection. I used this knowledge to help protect my clients retirements. I purchase my precious metals through goldsilver.com. It is easy, fast and convenient. I also invested my IRA’s and utilize their excellent storage options. Bottom line, Mike and his team have earned my trust. I continue to invest in wealth protection and my own education. I give back and help others see the opportunities to invest in precious metals. Thank you.