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 bought 19 tons of gold, even though that figure 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 February’s situation seems to indicate 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 have maintained records of continuous net purchases of gold: from November 2024 to February 2026, cumulative gold buying totaled 44 tons, and the Czech Republic reported its 36th consecutive month of net buying. China has increased its holdings for the 16th consecutive month. Goldman Sachs’ research report at the end of March noted that supported by continued gold purchases by central banks around the world and expectations that the Federal Reserve will cut rates another two times this year, the medium-term outlook for gold remains solid, with the gold price expected to rise to $5,400 per ounce by the end of the year. 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)