Golden opportunities: central banks seek stability amid currency challenges
Theme 5

Gold purchases
Central banks navigate volatile yields and inflation risks, turning to gold as a safe-haven asset, resulting in record gold purchases during 2022, and continuing into Q1 2023.


Currency holding diversification
The US dollar remains dominant as the world's reserve currency, but geopolitical concerns and emerging market opportunities drive central banks to diversify currency holdings.
Emerging market currencies
Despite the US dollar's resilience, central banks increasingly allocate to emerging market currencies, seeking higher risk-adjusted returns and growth potential in developing nations.

2023 Invesco Global Sovereign Asset Management Study
Uncover the themes shaping the future of official institutions.