Central banks lifted gold purchases 62% year on year to 286.5 tonnes in Q2
AI Market Summary
Central bank gold purchases jumped to 289 tonnes in Q2 2026 (+62% YoY), led by Poland and China, even as gold traded ~22% below January's record. Buying into weakness and a record 45% of reserve managers planning additional purchases within a year signals price-insensitive official demand and ongoing diversification away from major currencies. This steady bid can tighten physical balances and support near-term market resilience amid elevated geopolitical risk.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.07%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Global central banks bought 286.5 tonnes of gold in the second quarter, up 62% from a year earlier. Poland’s central bank added 51 tonnes, taking its total reserves to about 632 tonnes. Buying continued even as gold retreated from a January peak of $5,597 to around $4,379 in August. A survey found 45% of central banks plan to increase gold holdings within a year.
