What role should gold play in a portfolio? Explore central-bank demand, the changing reserve mix, Australian-dollar exposure and the risks in this updated 13-page briefing.
World Gold Council: H1 estimate and July reported activity. Different coverage; not directly comparable. Research reviewed 23 September 2026. Gold can fall in value and does not provide regular income.
Open the September 2026 edition in a separate tab for easier reading on your phone. You can also download a copy or use the booking button to contact Karl.
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