#central-banks

XAU/USD - Central banks

Central bank gold demand remains resilient

Central banks bought a net 23 tonnes of gold in July, led by China’s 21st straight month of purchases and Poland’s 90 tonnes year-to-date. Buying has slowed from a year ago, but the official sector still provides a structural floor – and a soft ADP print plus dovish Waller comments gave gold a 2% lift on Thursday.

FullPort FamilySeptember 4, 2026Open analysis →