When Should a Central Bank Sell Its Gold? One Just Did. Most Won’t.

Turkey sold gold under acute currency pressure this year, and it looks like evidence the central-bank buying spree is ending. The actual survey data, from OMFIF, the European Central Bank and the World Gold Council, says otherwise, and shows why.
How Central Banks Decide How Much Gold to Hold

The World Gold Council’s 2026 survey asked 76 central banks how they decide how much gold to hold. The answer comes down to three objectives: safety, liquidity, and return — in that order. Here’s what that framework looks like in practice, why a record 45% of central banks plan to increase their allocation this year, and why the same logic applies to individual investors.
