Multiple Countries Advancing Localization of Gold Reserves

Golden Finance reported on September 5 that many countries around the world are accelerating adjustments to the storage layout of their gold reserves, aiming to reduce reliance on the single custody system of Europe and the United States. Since 2013, several nations have gradually initiated the repatriation of overseas gold reserves. According to the World Gold Council's 2026 Central Bank Gold Reserves Survey, over the past 12 months, 19% of central banks have increased the proportion of domestic gold reserves or diversified the locations of their reserves, compared to just 7% a year ago. The number of central banks storing reserves in vaults in New York and London continues to decline. (Jin10)