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 Purchase monthly report. In February 2026, central banks worldwide net bought 19 tons of gold, even though this is still below the monthly average of 26 tons reported in 2025, but it has rebounded compared with the 5 tons of net purchases in January 2026. The World Gold Council said that the situation in February seems to indicate that after a calm January, central bank gold buying rebounded, highlighting central banks’ recognition and commitment to gold as a reserve asset. In addition, the report shows that some central banks kept a record of continuous net purchases of gold. From November 2024 to February 2026, they accumulated purchases of 44 tons, and the Czech Republic reported its 36th consecutive month of net buying. China increased its holdings for the 16th consecutive month. A Goldman Sachs research report at the end of March pointed out that, supported by central banks’ ongoing purchases and the expectation that the Federal Reserve will cut rates another two times this year, the gold outlook over the medium term remains solid, and the gold price could rise to $5,400 per ounce by year-end. UBS, meanwhile, projected at the end of March that the target price for gold at the beginning of 2027 would be $5,900 per ounce. (Source: ODAILY)