Central Banks Want More Gold, and Many Plan to Keep It on Home Soil

The monetary authorities also expect shrinking U.S. dollar holdings over the next few years.

the Bank of England remains the most popular destination among central banks, with 57 percent storing their gold in the United Kingdom. File Photo

The appetite for gold remains strong among central banks worldwide, and many of these institutions want to store their precious-metal holdings on home soil.

Over the past four years, central banks have purchased an average of 1,000 tons of gold, up from the 500-ton average registered in the previous decade.