I have not seen any evidence that Central Banks have stopped buying Gold.
I asked Gemini...
Are the world's Central Banks still buying Gold?
Here's what Gemini said...
<<<Yes, central banks around the world are still actively buying gold and have been for several years, continuing a significant trend.
Here are the key takeaways from recent reports:
- Record Buying Trend: Central banks have maintained a high level of gold accumulation, with net purchases exceeding 1,000 tonnes annually for the past few years (2022, 2023, and 2024). Current data suggests that this robust buying is continuing into 2025.
- Recent Activity: In the first half of 2025, central banks added a substantial amount to their reserves, and buying was noted to have rebounded in months like August 2025.
- Key Drivers: This persistent demand is driven by several factors:
- Diversification and De-dollarization: A strategy to move away from reliance on the US dollar as a primary reserve asset, given global economic uncertainty and geopolitical risks.
- Safe-Haven Asset: Gold is viewed as a reliable long-term store of value and a hedge against inflation and financial or geopolitical crises.
- Geopolitical Concerns: Concerns about sanctions and the evolving international monetary system have accelerated the shift toward gold.
- Leading Buyers: Major purchasers have included the central banks of China, Poland, Turkey, India, and Kazakhstan.
The ongoing and elevated central bank demand is seen as a key structural support for the price of gold.>>>
Cheers,
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