BREAKING: Global central banks purchased +23 tonnes of gold in July, marking their 4th consecutive monthly purchase. This follows +51 tonnes in June, their 2nd-largest monthly purchase since November 2024. In July, demand was led by China at +20 tonnes, bringing its year-to-dat
Why now
Thesis: Central bank gold purchases support gold demand and prices.
Catalyst to watch: Continued purchases could lift gold prices.
Main risk: Purchases may slow, reducing support.
Why it matters
Central bank gold purchases support gold demand and prices.
Details
BREAKING: Global central banks purchased +23 tonnes of gold in July, marking their 4th consecutive monthly purchase. This follows +51 tonnes in June, their 2nd-largest monthly purchase since November 2024. In July, demand was led by China at +20 tonnes, bringing its year-to-date purchases to +60 tonnes. Poland followed with +8 tonnes, lifting its total 2026 purchases to +90 tonnes. Year-to-date, central banks have acquired +130 tonnes of gold, slightly trailing the +160 tonnes purchased over the same period last year. Meanwhile, the Bank of Korea disclosed on August 13th that it made its first gold investment in 13 years, holding $250 million in the largest US gold-backed ETF, $GLD, as of Q2 2026. Central bank gold demand remains incredibly strong.
Sources
- x · 2026-09-04 19:29 UTC