45% Of Central Bankers Plan To Buy More Gold

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Central banks remain a major structural bid for gold: the World Gold Council says roughly 45% of surveyed central bankers expect their own reserves to rise over the next 12 months, after institutions collectively bought about 1,000 tonnes a year for four straight years. That keeps official-sector demand one of the most important supports for bullion, especially when price-sensitive private demand is less reliable.

The key message is that central banks are still adding gold even without a strong price pullback, reinforcing the view that reserve diversification is now a persistent policy trend rather than a tactical trade. The clip frames central banks as a buyer that “doesn’t check the price first,” which matters because that kind of demand is typically less elastic and can help absorb supply during periods of ETF or speculative weakness.

For traders, the near-term implication is broadly supportive for gold and, by extension, the rest of the precious-metals complex via sentiment spillover. The main catalyst to watch is whether this official-sector buying pace persists into the next quarter and whether any fresh WGC data confirms continued reserve accumulation. If central banks keep buying at or near the 1,000t annual pace, it should remain a medium-term bullish underpinning for XAU.