World Gold Council: Global central banks made net purchases of 19 tons in February, with some central banks maintaining a record number of continuous net purchases.

The World Gold Council released its February central bank gold purchase report this week, showing that central banks worldwide made net purchases of 19 tons of gold in February 2026. While still below the monthly average of 26 tons reported in 2025, this represents a rebound from the 5-ton net purchase in January 2026. The World Gold Council stated that February's figures suggest a rebound in central bank gold purchases after a relatively quiet January, highlighting central banks' recognition and commitment to gold as a reserve asset. Furthermore, the report shows that some central banks maintained a record of continuous net gold purchases, accumulating 44 tons between November 2024 and February 2026. The Czech Republic reported its 36th consecutive month of net purchases. China increased its gold holdings for the 16th consecutive month. A Goldman Sachs research report at the end of March indicated that, supported by continued central bank gold purchases and the expectation of two more interest rate cuts by the Federal Reserve this year, the medium-term outlook for gold remains solid, with prices potentially climbing to $5,400 per ounce by the end of the year. UBS, at the end of March, projected a gold price target of $5,900 per ounce for early 2027. (Financial Magazine)