What do central banks and the Statue of Liberty have in common?

Geopolitical and economic uncertainty turned 2018 into a banner year for gold purchases, with central banks buying a total of 656.6 tonnes — a 74% jump on the previous year. This is equivalent to about four times the Statue of Liberty’s weight, and is the second-highest level of central-bank gold purchases on record.

In a survey conducted amongst central banks in 2018 by the World Gold Council, 76% of respondents said they considered the metal’s attributes as a safe-haven asset ‘highly relevant’.

Take a look at gold's demand trends and central bank gold reserves on Goldhub, and Central Bank purchases on CNBC.