Kitco News: Global Central Banks Continued to Boost Their Gold Reserves in February 2025

Gold continues to be a standout asset class for investors. The metal was up over 20% in 2024, and even eked out the strong returns of the S&P 500. As stocks have faltered in 2025, gold has held up strong, with the metal topping $3,100 per ounce.

That trend looks set to continue. That’s because buying trend suggest that central banks continue to add to their physical gold holdings. And retail investors have largely stepped back from gold, for now.

In February alone, statistics show that the National Bank of Poland bought 29 tons of gold. That’s followed by the People’s Bank of China at 5 tons. The Republic of Turkey rounded up the top buyers with the purchase of three tons.

Gold has emerged as a safe-haven amid the current market uncertainty. The metal has even held up well as bond yields have swung wildly. Typically, bonds are a safe place for parking cash in the short-term.

With gold prices rising, gold mining stocks are pushing higher overall as well. The sector still looks undervalued, as the share price of gold miners has yet to catch up with prior rallies in gold itself.

Plus, while gold prices continue to rise, other assets, including fellow precious metal silver, continue to languish.

To see the full analysis on gold now, click here.