Emerging from the 2008 financial crisis, gold did not retreat — it accelerated. Massive monetary stimulus, near-zero interest rates, and fears of inflation drove the metal to new record highs through 2009. The year also brought a symbolic shift: China disclosed that its gold reserves had grown substantially, an early signal of the eastward shift in official demand that our reserves database tracks. The march toward the 2011 peak was now in full stride.
Key events of 2009
- 2009-04-24
China reveals reserve growth
Beijing discloses a sharp rise in its gold reserves, signaling the eastward shift in demand.