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Data: Spot gold has surpassed $4500 per ounce for the first time in history, and Russia's central bank reserves have surged by 1948 tons

Dec 24, 2025 17:46:17

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Spot gold has historically broken through $4,500 per ounce for the first time, reaching a high of $4,525, with an annual increase of over 70%, likely to achieve the best annual performance since 1979.

In recent years, as countries seek to reduce their dependence on the dollar and hedge against geopolitical risks, central bank purchases of gold have surged. According to a report by Gelonghui, from 2000 to 2024, Russia's gold reserves have surged by 1,948 tons, ranking first, slightly ahead of China's 1,885 tons.

Other emerging economies are also rapidly accumulating gold, with India's and Turkey's reserves increasing by 518 tons and 501 tons, respectively. Other leading countries include Poland (345 tons), Kazakhstan (227 tons), Saudi Arabia (180 tons), and Thailand (161 tons).

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