Definition
Central banks adding gold to their country's reserves.
The story
Countries keep savings too, mostly in dollars and other currencies. Some also buy gold, which no other country can freeze or print. The World Gold Council reports each quarter how much central banks bought.
Why markets watch it
Official buying adds a steady source of demand.
See it in the story
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms