Brazil resumes gold purchases: 31 tons in two months reflect global central bank strategy

Source: PortaldoBitcoin Original Title: Brazil bought 31 tons of gold in the last two months Original Link: The Central Bank of Brazil has resumed buying gold in recent months after four years without acquiring the precious metal. In September and October, the country bought 31 tons of gold, according to the latest World Gold Council (WGC) report.

In September, Brazil bought 15 tons of gold, its first significant purchase since 2021, raising its official reserves to approximately 145 tons. In October, even with gold highly valued, the country returned to the market and added another 16 tons to its reserves, bringing the current stock to 161 tons.

This move by Brazil is part of a global trend of intense accumulation by central banks. In October alone, central banks around the world bought 53 tons of gold for their reserves, a 36% increase compared to the previous month.

Although the trend is global, most of the accumulation is concentrated in a few countries, especially emerging economies seeking to protect themselves from currency shocks and geopolitical risks.

Poland, for example, was one of the highlights of 2025, raising its reserves to over 531 tons. Other countries, such as Uzbekistan, Indonesia, and the Czech Republic, also maintained a consistent pace of purchases throughout the year, reinforcing the perception that gold has resumed a strategic role in international monetary policy.

Brazil’s gold

In Brazil’s case, the resumption may reflect both a diversification strategy, reducing reliance on the dollar, and a preventive response to global instability. The latest WGC research shows that more central banks are now actively managing their gold reserves and that risk management has become one of the main drivers behind purchase decisions, even surpassing the pursuit of financial returns.

This buying wave is occurring amid a strong appreciation of gold in the international market. In 2025, the metal surpassed historic highs, trading above $4,300 per ounce at certain points.

The surge was driven by a combination of macroeconomic uncertainties, geopolitical tensions, and the growing demand from central banks themselves, who have become one of the main pillars of the gold market in recent years.

Even with the high price, Brazil chose to increase its position, reinforcing confidence in the metal as protection in times of volatility, despite discussions about also including Bitcoin as a reserve asset for protection.

Recently, Congressman Eros Biondini (PL-MG), author of the bill to create a Strategic Bitcoin Reserve for Brazil, said that the project is advancing slowly in Congress and that he believes that, even facing political resistance, the initiative could be approved by 2027.