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). The World Gold Council released its February central bank gold- purchases report this week. In February 2026, central banks across countries net bought 19 tons of gold, even though this remains below the monthly average of 26 tons reported in 2025. Compared with the net purchases of 5 tons in January 2026, it has risen. The World Gold Council said the February figures seem to show that after a quiet January, central bank gold buying bounced back, highlighting central banks’ recognition and persistence in gold as a reserve asset. In addition, the report shows that some central banks maintained a record of continuous net purchases of gold; 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 Goldman Sachs research report at the end of March noted that, supported by central banks’ continued gold buying and expectations that the Federal Reserve will cut rates two more 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, meanwhile, expected at the end of March that its target price for gold at the beginning of 2027 would be $5,900 per ounce. (Source: ODAILY)