搜索 Central Banks Bought 289 Tonnes of Gold in Q2
Conclusion: Central-bank demand remains a structural support for gold, but the 2026 story is more nuanced than an uninterrupted buying boom. The World Gold Council estimates net purchases of 289 tonnes in Q2, a record for a second quarter, while first-half demand was the lowest since 2022.
The verified demand split
Q2 central-bank net buying rose from a revised 57 tonnes in Q1. First-half net demand totalled 345 tonnes. Poland added the most among reported buyers, while China increased its accumulation pace, according to the WGC.
| Metric | Q2 2026 | Context |
|---|---|---|
| Central-bank net buying | 289t | Record Q2 level |
| H1 central-bank demand | 345t | Lowest first half since 2022 |
| Total demand incl. OTC | 1,269t | Flat year on year in Q2 |
Why this matters for gold forex
Official-sector purchases can reduce available supply and reinforce reserve-diversification demand. They do not remove short-term XAU/USD sensitivity to the dollar, yields or profit-taking.
◆ Structural factor: reserve diversification and geopolitical uncertainty.
◆ Cyclical factor: the price and opportunity cost of holding gold.
⚠ Data caveat: WGC estimates can be revised as new information becomes available; Q1 was revised materially.
Latest YouTube lens
BusinessDayTV's Q2 gold-demand discussion reviews the demand mix. The tonnage figures above come directly from WGC, not from the video.
Sources
Research note: X and Google News were screened; unverified claims about future central-bank purchases were excluded. This is analysis, not personalised investment advice.
