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Central banks push gold buying as critical-minerals rivalry widens

Gold purchases totaled 863 tonnes last year as central banks also added copper, silver, and uranium to the 2025 U.S. critical-minerals list, expanding what Washington treats as strategic supply.

Reported · Written up by our desk · Precious Metals

Gold is gaining momentum as central banks buy more and investors refocus on real assets amid concerns about a debt-heavy financial system, according to commentary shared at the Rule Symposium by Mining.com.

The event highlighted that central banks purchased 863 tonnes of gold last year after three consecutive years in which purchases exceeded 1,000 tonnes, while the U.S. dollar accounted for 57.1% of allocated currency reserves in the first quarter, per the symposium discussion.

Speakers also argued that critical minerals are increasingly tied to government competition, with Washington adding copper, silver, and uranium to its 2025 critical minerals list to widen the definition of strategic supply.

Mining.com reported that Grant Williams framed gold as an “apex predator” for financial ecosystems, using the Yellowstone wolf analogy to suggest gold can enforce discipline on paper currencies, while Nomi Prins described how countries are fighting over the environments around mines, processing, stockpiles, export rules, and trade routes.

Latest closeGold $4,023.80 ▼1.2%|Silver $57.33 ▼2.0%|Copper $6.338 ▼0.0%

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