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

ME News message, April 4 (UTC+8). This week, the World Gold Council released its February central bank gold-buying monthly report. In February 2026, central banks across countries net bought 19 tons of gold. This figure is still below the monthly average of 26 tons reported for 2025, but it represents an increase compared with the 5 tons of net purchases recorded in January 2026. The World Gold Council said the February data appear to show that after a quiet January, central bank gold buying rebounded, highlighting central banks’ recognition of and commitment to gold as a reserve asset. In addition, the report shows that some central banks maintained records of continuous 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 increased its gold holdings for the 16th consecutive month.

A research report from Goldman, released at the end of March, said that supported by central banks’ ongoing gold purchases and the expectation that the Federal Reserve will cut rates another two times this year, gold’s medium-term outlook remains solid, and the gold price could rise to $5,400 per ounce by the end of the year. Meanwhile, UBS expected at the end of March that its target price for gold in early 2027 would be $5,900 per ounce. (Source: ODAILY)