Central Banks Bought Far Less Gold Than Thought at Start of Year
9 Articles
9 Articles
Central Banks Bought Far Less Gold Than Thought at Start of Year
Central banks worldwide bought more gold in the second quarter than in the first quarter. Russia in particular wanted to get rid of parts of its reserves.
The central banks bought 288.9 tons of gold in the second quarter of 2026. That's 62% more than in the same period in 2025, where net purchases were capped at 177.9 tons. Poland and China are leading this movement, and the World Gold Council sees no sign of a slowdown.
World demand for gold remained stable compared to the same period last year, reaching 1,268.9 metric tons in the second quarter of 2026, as central banks accelerated their purchases by compensating for the fall in investment, the World Gold Council reported on Thursday.
Central banks were considered an important driver of the gold price boom, but recent figures show waning interest: The industry association WGC has had to significantly revise the data for the first quarter downwards.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
