Central banks boosted their gold reserves by 62 tonnes compared to last year, reaching 289 tonnes in the second quarter of 2026. This marks the largest quarterly purchase since late 2024, signaling a sharp rise in official demand.
Poland and China led the surge, pushing Q2 volumes to nearly five times the first quarter's 57 tonnes. The spike highlights a strong appetite for gold among key economies amid ongoing geopolitical and economic uncertainties.
Market Impact and Outlook
Gold prices could gain significant upward momentum by the end of this year as markets digest these reserve builds. Analysts and traders will be watching if central banks in Asia and Europe keep buying at this pace or accelerate further. Inflation trends and monetary policy shifts will also play critical roles.
This material is for informational purposes only and does not constitute financial advice.
