Gold has always been seen as a symbol of financial security acting as a safety net during times of economic uncertainty. Countries with large gold reserves are often considered better prepared to handle global market fluctuations. According to the latest data from December 2024 Turkey holds the largest gold reserves in the Middle East with a remarkable 615 tonnes of the precious metal. Top six middle eastern countries with most gold Here’s how the leading nations in the region stack up in terms of their gold holdings: Turkey – 615 tonnes Saudi Arabia – 323 tonnes Iraq – 153 tonnes Egypt – 127 tonnes Qatar – 111 tonnes Kuwait – 78.97 tonnes Why do gold reserves matter? Gold plays a vital role in strengthening a country’s economy. A larger reserve not only boosts financial stability but also increases investor confidence. During periods of currency devaluation or inflation gold acts as a protective shield helping countries maintain their purchasing power. Turkeys strategic move Among its Middle Eastern counterparts Turkey has taken a particularly proactive approach to gold accumulation. The country’s central bank has been consistently purchasing gold as part of its strategy to diversify its financial assets. This move is aimed at making the economy more resilient against external market shocks and reducing reliance on foreign currencies. Golds growing role in global economy As the world faces ongoing geopolitical tensions and unpredictable market conditions gold continues to gain importance. Many Middle Eastern nations especially oil-rich ones are steadily increasing their gold reserves. This helps them hedge against inflation and reduce their dependence on volatile global markets. With uncertainty looming over the global economy gold is expected to remain a key element in shaping national financial strategies. The growing reserves in the Middle East highlight the regions focus on long-term economic security and stability.