More Central Banks Than Ever Say They Will Buy Gold This Year

Central banks more than ever expect to increase their gold reserves, indicating a persistent structural bid for bullion despite this year’s pullback. The finding suggests the forces behind gold’s record rally remain intact, supporting a constructive medium-term outlook for the metal. Market impact is likely modest but supportive for gold sentiment and positioning.

Analysis

Central banks more than ever expect to increase their gold reserves, indicating a persistent structural bid for bullion despite this year’s pullback. The finding suggests the forces behind gold’s record rally remain intact, supporting a constructive medium-term outlook for the metal. Market impact is likely modest but supportive for gold sentiment and positioning.