A record share of the world’s central banks plans to accumulate more gold over the next 12 months, drawn by bullion’s performance during times of crisis and protection against inflation.

"Gold's key advantage is that it is no one else's liability," said Nikos Kavalis, managing director at Metals Focus.

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Gold pushed higher in early Asia trading after US President Donald Trump called for the immediate evacuation of Tehran, boosting demand for havens as investors track hostilities between Israel and Iran.

The announcement represents another chapter in the unprecedented blurring of lines between Trump's personal business interests and his executive authority.

Gold futures pared gains after rising close to a fresh record earlier in the session. Futures were down 0.5% at $3,433.90 a troy ounce, after opening near the record high of $3,509.90/oz. The precious metal rallied on Friday as rising Middle East tensions fuelled safe-haven demand,

Check out this article for the complete CONCACAF Gold Cup 2025 schedule, including dates, times, and locations.

A record 95% of respondents think central bank gold reserves will increase over the next 12 months, up from 81% last year, according to WGC's survey, which also showed the Bank of England remains the most popular location for their gold reserves.