World Gold Council: In February, global central banks net purchased 19 tons, with some central banks maintaining continuous net buying records.

ME News update: On April 4 (UTC+8), the World Gold Council released this week its February central bank gold purchases monthly report. In February 2026, central banks in various countries net bought 19 tons of gold, even though this remains below the monthly average of 26 tons reported for 2025. Net purchases rose compared with 5 tons of gold in January 2026. The World Gold Council said that the February data appears to indicate that after a quiet January, central bank gold buying rebounded, highlighting central banks’ recognition and continued commitment to gold as a reserve asset. In addition, the report shows that some central banks maintained records of ongoing net purchases: from November 2024 to February 2026, they accumulated 44 tons of gold purchases, and the Czech Republic reported its 36th consecutive month of net buying. China added to its gold holdings for the 16th consecutive month. A Goldman Sachs research report at the end of March said that supported by central banks’ continued gold purchases and the expectation that the Federal Reserve will cut rates another two times this year, the medium-term outlook for gold remains solid, with the gold price expected to rise to $5,400 per ounce by year-end. UBS, at the end of March, also expected that gold’s target price at the start of 2027 would be $5,900 per ounce. (Source: ODAILY)