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Emerging Markets Drive a New Surge in Global Gold Demand

2025-11-11 10:45:47 | 浏览 406

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In 2025, the gold market is experiencing a structural shift, with emerging market economies becoming the core force behind the growth in global gold demand. According to the World Gold Council and several brokerage analyses, central banks worldwide continue to accumulate gold reserves, with emerging markets leading the way. For example, the People’s Bank of China has been consistently increasing its holdings since 2023, bringing its gold reserves to the top ranks among major economies, and aiming to push gold’s share in foreign reserves above 20%.

Official data reveals that 48% of central banks in emerging markets plan to keep buying gold in the coming year, driven by global inflationary pressures, US dollar volatility, and heightened geopolitical risks. These countries are seeking diversified assets and greater safety, actively promoting domestic gold storage and reducing dollar-denominated holdings. Surveys indicate more than half of emerging market central banks now store gold within their borders—a trend reflecting the global shift away from the US dollar.

Beyond the official sector, gold consumption in Asian markets such as China and India remains resilient. While short-term macro fluctuations have had some impact, long-term demand for jewelry and industrial gold is still a crucial factor pushing prices higher. In many Eastern cultures, gold remains a symbol of wealth preservation and family legacy, fueling steady growth in consumer demand.

With this structural buying now firmly in place, global investment banks like JP Morgan and Goldman Sachs predict that gold prices could break above $5,000 per ounce by 2026. Despite short-term volatility, a long-term bullish trend in the gold market is clearly taking shape.

In summary, emerging market economies are not only elevating official gold reserves, but also reshaping global consumption and portfolio allocation patterns, providing increasingly firm support for future gold prices. Gold’s role as a safe-haven and store of value is being continuously enhanced by the rise of emerging economies.

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