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Central Banks in Various Countries Purchase 244 Tons of Gold in Q1 2026

Central banks in various countries recorded a surge in gold purchases in the first quarter of 2026, with a total accumulation reaching 244 tons. This figure marks the fastest buying pace in over a year, according to Bloomberg reports.
This gold buying spree is led by countries such as Poland, Uzbekistan, and China, which continue to strengthen their foreign exchange reserves through this safe haven asset.
The trend of increasing gold reserves by central banks reflects diversification efforts away from US dollar-based assets, as well as a step to mitigate global economic uncertainties and market volatility. In recent years, gold has once again become a strategic instrument amid rising geopolitical tensions and shifts in global monetary policy.
Data from the World Gold Council also shows that demand for gold from central banks remains strong, driven by the need to maintain currency stability and to bolster confidence in the domestic financial system.
This surge in purchases occurs amid a global gold price trend that tends to strengthen, as investor interest in safe-haven assets increases. Additionally, expectations regarding global interest rate policies and inflation pressures are also key factors motivating central banks to increase their gold exposure.
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MrFlower_XingChen
· 1h ago
To The Moon 🌕
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