According to The Kobeissi Letter, the value of developed market central banks’ gold holdings has risen by approximately $600 billion, or 90%, reaching a record $1.3 trillion since 2022. Meanwhile, emerging market central banks have also seen their gold holdings' value double, setting new records. This substantial growth in gold reserves underscores increasing institutional confidence in gold as a store of value during volatile economic conditions. For traders, this trend signals ongoing bullish momentum in the gold market and highlights the potential for further price appreciation, especially as central banks continue to accumulate reserves (Source: The Kobeissi Letter, May 5, 2025).