WS #16749
Central banks globally accelerated their gold accumulation in the third quarter, purchasing 321 tonnes and bringing year-to-date demand to 675 tonnes, outpacing 2025 levels. This sustained buying reflects a structural shift in reserve management as nations de-dollarize and hedge against escalating geopolitical risks. For markets, this provides a robust floor for gold prices and signals a lack of confidence in traditional fiat stability during periods of crisis.
Central Bank Gold Buying
Central banks globally accelerated their gold accumulation in the third quarter, purchasing 321 tonnes and bringing year-to-date demand to 675 tonnes, outpacing 2025 levels. This sustained buying reflects a structural shift in reserve management as nations de-dollarize and hedge against escalating geopolitical risks. For markets, this provides a robust floor for gold prices and signals a lack of confidence in traditional fiat stability during periods of crisis.