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

ME News message, on April 4 (UTC+8), the World Gold Council released this week its February central bank gold purchases monthly report. In February 2026, central banks around the world net bought 19 tons of gold, even though this remained below the monthly average of 26 tons reported for 2025. Compared with the net purchases of 5 tons in January 2026, it saw an uptick. The World Gold Council said that the February data seems to show that, after a quiet January, central bank gold buying rebounded, highlighting central banks’ recognition of and commitment to gold as a reserve asset. In addition, the report shows that some central banks maintained records of continuous net purchases; from November 2024 to February 2026, cumulative gold purchases totaled 44 tons, 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 released at the end of March noted that, supported by central banks’ continued gold buying and expectations that the Federal Reserve will cut rates another two times this year, the gold medium-term outlook remains solid, and the gold price could 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)