Goldman Sachs expects the central bank's gold purchase rate to slow slightly, but it will still continue to support the gold price.

robot
Abstract generation in progress
Goldmoney reports that on June 22, Goldman Sachs predicts that in 2026, central banks will continue to buy gold at a rate of 50 tons per month, slowing down to 40 tons per month in 2027. Even though the monthly gold purchase rate has retreated from previous peak levels, this trend still provides a lasting structural support for gold prices. Record-breaking proportions of central banks have expressed intentions to increase their gold reserves, providing substantial buffer against downside risks for gold prices. Goldman Sachs's forecast implies that even if monthly data fluctuates, central bank demand will remain one of the most sustained structural support factors for gold prices over the next two years. Another survey conducted by the World Gold Council from February to May, involving 76 central banks, also supports this view. A record 45% of respondents said they expect to increase their gold reserves in the next 12 months, the highest level in the survey's history. About 90% of respondents expect global central bank gold holdings to rise during the same period, with the remaining respondents expecting roughly stable levels. No respondents anticipated a decline.
GLDX-0.42%
PAXG0.41%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned