According to the results of February, Uzbekistan became the world's largest gold seller. This is stated in the comment of the World Gold Council here.
In the last month of winter, central banks worldwide increased their official gold reserves by 24 tons. The main demand was provided by the central banks of developing countries — Poland (+29 tons), China (+5 tons), Turkey (+3 tons), Jordan (+3 tons), Qatar (+2 tons), and Czech Republic (+2 tons).
Against this background, Uzbekistan and Kazakhstan became among the largest sellers. Uzbekistan reduced its reserves by 12 tons, and Kazakhstan by 8 tons.
According to the results of January-February, both Central Banks remain leaders in terms of net trade volume in 2025 — 4 tons since the beginning of the year.
