World Gold Council: In February, global central banks net purchased 19 tons, with some central banks maintaining continuous net buying records.

ME News update, April 4 (UTC+8). The World Gold Council released this week its February central bank gold purchases monthly report. In February 2026, central banks in various countries net purchased 19 tons of gold, which remains below the monthly average of 26 tons reported for 2025, but represents an uptick compared with the net purchases of 5 tons in January 2026. The World Gold Council said that the February figures appear to show that after a quiet 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 a record of continuous 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 said that supported by central banks’ ongoing 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 5400 USD/oz by the end of the year. UBS also expected at the end of March that its target price for gold at the beginning of 2027 will be 5900 USD/oz. (Source: ODAILY)