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 this week released its February central bank gold purchases monthly report. In February 2026, central banks in various countries net purchased 19 tons of gold, even though this is still below the monthly average of 26 tons reported for 2025. Compared with the net purchases of 5 tons in January 2026, it showed an uptick. The World Gold Council said the situation in February appears 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 steady 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. Goldman Sachs’ research note at the end of March said that supported by central banks’ continued gold purchases and the expectation that the Federal Reserve will cut rates another two times this year, the medium-term outlook for gold remains solid, with gold prices expected to rise to $5,400 per ounce by year-end. UBS, meanwhile, estimated at the end of March that its target price for gold at the beginning of 2027 will be $5,900 per ounce. (Source: ODAILY)