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 report. Central banks across countries net bought 19 tons of gold in February 2026, even though this remains below the monthly average of 26 tons reported for 2025. Compared with the net purchases of 5 tons in January 2026, it has rebounded. The World Gold Council said that the situation in February seems to indicate that after a calm January, central bank gold buying rebounded, highlighting central banks’ recognition and continued commitment to gold as a reserve asset. In addition, the report shows that some central banks maintained records of ongoing net purchases: from November 2024 to February 2026, cumulative gold purchases totaled 44 tons, and the Czech Republic reported a net purchase for the 36th consecutive month. China increased its gold holdings for the 16th consecutive month. A Goldman Sachs research note at the end of March pointed out that, supported by central banks’ continued gold purchases and expectations that the Federal Reserve will cut rates two more times this year, the medium-term outlook for gold remains solid, and the gold price could rise to $5,400 per ounce by the end of the year. UBS, meanwhile, at the end of March estimated that the target price for gold at the beginning of 2027 would be $5,900 per ounce. (Source: ODAILY)