The Washington Agreement on Gold: Origins and Legacy
The Washington Agreement on Gold was a coordinated commitment by central banks to limit gold sales, aimed at stabilising the market and preserving the metal's monetary role.
Gold Market
Reserve buying, policy decisions and their effect on gold.
The Washington Agreement on Gold was a coordinated commitment by central banks to limit gold sales, aimed at stabilising the market and preserving the metal's monetary role.
Central bank gold buying is tracked through official reserves reports, surveys, and filings with the IMF and World Gold Council.
Central banks hold gold reserves for diversification, as a safe store of value independent of any government, and to manage geopolitical and financial risk.
Official sector demand has moved from a rounding error to a structural pillar of the gold market.