WS #16747
Central banks purchased 321 tonnes of gold in Q3 2026, a 42% year-over-year increase and the strongest quarterly total since late 2024. This sustained official sector buying, combined with positive inflows into gold-backed ETFs, provides a structural floor for precious metals prices. The trend reflects ongoing de-dollarization efforts and hedging against geopolitical instability, supporting gold and silver prices even as risk assets face volatility.
Gold Accumulation and Safe Havens
Central banks purchased 321 tonnes of gold in Q3 2026, a 42% year-over-year increase and the strongest quarterly total since late 2024. This sustained official sector buying, combined with positive inflows into gold-backed ETFs, provides a structural floor for precious metals prices. The trend reflects ongoing de-dollarization efforts and hedging against geopolitical instability, supporting gold and silver prices even as risk assets face volatility.