Bank of England aids greater transparency across gold market

For the very first time the Bank of England is publishing monthly data revealing the amount of gold it holds on behalf of other central banks.

As a leading custodian of gold, with one of the largest vaults in the world, the World Gold Council says the Bank of England’s decision is highly significant.

A report from the World Gold Council states: “Not only will it enhance the transparency of the Bank’s own gold operations; it will also support the drive towards greater transparency across the gold market.”

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The new data reveals the total weight of gold held within the Bank of England’s vaults and includes five years of historical data.

 

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