El Salvador Joins Gold Buying Spree With $50 Million Acquisition
The Central Reserve Bank (BCR) of El Salvador introduced that it has bought $50 million price of gold. This marks the second gold buy carried out by the financial institution since 1990.
The acquisition comes amid gold’s document rally. The treasured steel has climbed almost 20% 12 months up to now as rising macroeconomic and geopolitical tensions push buyers towards safe-haven belongings.
El Salvador Makes Second Major Gold Purchase
In its newest announcement, the Central Reserve Bank stated it bought 9,298 troy ounces of gold, valued at $50 million. The acquisition follows El Salvador’s earlier buy of 13,999 troy ounces of gold in September 2025, which was additionally valued at roughly $50 million on the time.
According to the BCR, the most recent buy raises the nation’s whole gold holdings to 67,403 troy ounces, additional strengthening the composition of its worldwide reserves.
The central financial institution described gold as a “universally strategic reserve asset” that helps long-term monetary stability, helps shield the economic system from structural shifts in world markets, and enhances confidence amongst buyers and the broader public.
“The Central Reserve Bank of El Salvador states that this second acquisition strengthens the nation’s long-term belongings, whereas sustaining a prudent steadiness within the composition of the belongings that make up the International Reserves,” the announcement learn.
The gold addition comes because the nation continues to expand its Bitcoin holdings. El Salvador has constructed a repute as a world crypto pioneer.
According to the most recent data from El Salvador’s Bitcoin workplace, the nation’s Bitcoin reserves now stand at 7,547 BTC, valued at approximately $635 million.
Gold Demand Spikes as Markets Seek Safety
Meanwhile, El Salvador’s transfer to extend its gold publicity comes amid a surge in world demand for the valuable steel. Gold has climbed to recent document highs this 12 months as buyers more and more rotate into safe-haven belongings.
This pattern is mirrored in current actions by main consumers. The National Bank of Poland has revealed plans to increase its gold reserves to 700 tonnes.
China additionally added greater than 10 tonnes of gold in November, a determine Goldman Sachs estimates is almost 11 occasions larger than the quantity formally reported by the nation’s central financial institution.
“Assuming official purchases had been 10% of what China is definitely shopping for, this means China acquired +270 tonnes of bodily gold in 2025. China is stockpiling gold like we’re in a serious disaster,” The Kobeissi Letter wrote.
Moreover, BeInCrypto reported that Tether added roughly 27 tonnes of gold within the fourth quarter of 2025. The agency is buying 1-2 tonnes of gold per week and concentrating on a 10–15% portfolio allocation.
Demand for tokenized gold has also risen, with on-chain data exhibiting elevated large-scale whale purchases of Tether Gold (XAUT) and Paxos Gold (PAXG).
At press time, gold was trading at $5,176, down 4% over the previous 24 hours, as escalating US–Iran tensions weighed on belongings throughout markets, together with commodities, equities, and cryptocurrencies.
The submit El Salvador Joins Gold Buying Spree With $50 Million Acquisition appeared first on BeInCrypto.
