World Gold Council: Global Central Banks Net Purchased 19 Tons in February, Some Maintain Continuous Net Buying Records

World Gold Council released its February central bank gold buying monthly report this week. Global central banks net purchased 19 tons of gold in February 2026. Although this is still below the monthly average of 26 tons reported in 2025, it represents a rebound compared to the net purchase of 5 tons in January 2026. The World Gold Council stated that the February situation seems to indicate a rebound in central bank gold purchases after a quiet January, highlighting central banks' recognition and persistence in gold as a reserve asset. Furthermore, the report shows that some central banks have maintained continuous net gold buying records, accumulating 44 tons of purchases from November 2024 to 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 pointed out that supported by continued gold purchases by central banks and expectations of two more Fed rate cuts this year, the medium-term outlook for gold remains solid, with prices expected to climb to $5,400 per ounce by year-end. UBS, also at the end of March, projected a target price of $5,900 per ounce for gold by early 2027. (Caijing Magazine)