CommoditiesMedium•22 October 2026•
1 min read
Central Banks Repatriate Gold from NY Fed as Global Purchases Quadruple
Key Facts
1Gold holdings at the New York Fed declined by 40 tonnes in August.
2Gold holdings at the Bank of England rose by 46 tonnes according to Goldman Sachs data.
Gold holdings at the New York Federal Reserve declined by 40 tonnes in August, Fortune reported. Simultaneously, gold holdings at the Bank of England rose by 46 tonnes during the same period according to Goldman Sachs data, marking a significant shift in where central banks choose to store their physical reserves.
Goldman Sachs estimates that global central banks purchased 79 tonnes of gold in August, more than four times the average amount seen prior to 2022. This movement suggests a strategic shift in reserve management as institutions seek geographical diversification of physical assets away from US-based custody.