New Delhi, Nov. 19 -- Gold has moved back into focus for central banks. Prices hit record highs in early 2025, and the buying wave that started years ago has not slowed. New figures from BullionVault, which tracks official central bank holdings, show how concentrated global reserves remain across a few regions.

The United States continues to sit far ahead of the pack. Its official reserves stand at 8,133.5 tonnes, unchanged for decades.

Most of it is kept at Fort Knox and the New York Federal Reserve. At current valuations, that stockpile is worth well over $1 trillion, according to the Visual Capitalist.

Europe follows closely when taken as a group. Germany, Italy and France hold 3,351.6 tonnes, 2,451.9 tonnes, and 2,437 tonnes respec...