Weekly Markets Monitor: Gold in the crosshairs
Last week saw new tariffs announced and higher tariffs take effect. Central banks in the UK and India made cautious, diverging policy moves.
Weekly Markets Monitor
Weekly Markets Monitor: Dire Straits
Last week global central banks showed caution with mixed policy moves: the Fed paused, signaling slower cuts on stagflation concerns, Swiss and Norwegian banks cut, while BoE and the BoJ held steady.Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank gold buying slowed in April
Central banks added a net 11t to global gold reserves in April, the second consecutive month of slower accumulation.Marissa Salim
Senior Research Lead, APAC World Gold CouncilCentral banks keep gold in focus in February
Demand for gold from central bankers continues, with data available for February showing reported global central bank gold reserves rising by 24t. Thus far, Poland, China, Turkey, and the Czech Republic have led gold demand from emerging market central banks.
Marissa Salim
Senior Research Lead, APAC World Gold CouncilCentral banks stay bullish on bullion in January
Central banks continued their strong interest for gold in January with reported net purchases of 18t. The sustained buying highlights the strategic importance of gold in official reserves, particularly as central banks navigate heightened geopolitical risks.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral Bank Gold Statistics: June 2024
Central banks reported 12t of net buying in June via the IMF and other public data sources. Demand moderated during the month: monthly gross purchases of 31t were offset by gross sales of 18t.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks accumulate more gold in January – starting 2024 as they mean to go on?
In January, central banks reported that they increased global official gold reserves by 39t. This was more than double the (revised) December net purchases of 17t, and the eighth consecutive month of net purchases.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank gold buying remains hot in July
Having reported a return to net buying in June, the latest data shows global central banks continued to add to their gold reserves in July. Central banks reported healthy net purchases of 55t during the month.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks return to net buying in June
Reported net purchases from central banks totalled 55t, the first month of sizeable global net buying since February.
As in recent months, activity from the Central Bank of Türkiye (CBRT) was pivotal to the global total.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank buying strengthens in June
Last week we published our updated central bank gold statistics to include data reported for June. This new information shows that central banks added a net 59t to global gold reserves during the month.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank selling outweighs buying at the start of 2022
Following a strong 2021, in which central banks accumulated 463t of gold, today we’ve released the first set of central bank gold reserve data for 2022.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks slide into net sales in November
Global official gold reserves fell by 21.5t in November according to data released by the IMF. A sizable sale from Uzbekistan tipped the balance in what would have otherwise been a flat month.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilQuiet summer for central bank buying
Central banks bought 28.4t of gold in August, 9% less than in July. Leaving aside January’s 11.2t net sale, this is the lowest level of monthly net purchases so far this year.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilHealthy central bank demand continues in May
Following a higher level of monthly net purchases in March and April, our latest data published today shows that this trend continued into May.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilHow is central bank demand faring against our expectations?
We have written before about how, after a more inconsistent picture for central bank demand in the second half of 2020, our expectation was for continued net purchases in 2021 but at a more moderate pace than in previous record-setting years. So, how is that expectation holding up?
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilTracking and tracing central bank demand in August
In August, central banks switched from net buyers to net sellers for the first time in around a year and a half.Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilJuly central bank net purchases lowest since December 2018
Our central bank gold statistics were published today, and the latest IMF data makes for a very interesting read. Available data for July highlights central bank net purchases of 8.8t – the lowest level of monthly net purchases since December 2018 (-1.5t).Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank demand steady but concentrated in May
Central bank net purchases totalled 39.8t in May, in line with net purchases in March and April, and above the monthly average of 35t over the first four months of this year.Shaokai Fan
Head of Asia Pacific (ex China) & Global Head of Central Banks World Gold CouncilCentral banks remain positive on gold amid COVID-19 risks
Our central banks team, in partnership with Yougov, recently concluded the 2020 Central Bank Gold Reserves Survey. This year’s survey, which saw a jump in the number of responses, shows strong signs of an increase in gold’s relevance for central bank reserve management.Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks demand creeps higher in February
In February, central banks bought a net 36 tonnes (t) of gold, almost a third higher than January’s net purchases, but 52% lower y-o-y. This brings y-t-d net purchases to 64.5t, 44% lower than the 116.1t of net purchases over the first two months of 2019.
