Latest figures show a major economy's official gold holdings climbed to 74.12 million fine troy ounces by November's end, up slightly from October's 74.09 million. The modest increase continues a pattern of steady accumulation by major central banks, a trend that often correlates with broader uncertainty in traditional financial markets. For those watching macro signals, this kind of reserve building can hint at shifts in how institutions view risk—something that historically ripples through to alternative assets.