Central Banks Buy $47 Billion Worth of Gold in 3 Months

Central banks around the world have purchased a record 289 tonnes of gold in the last three months. The overall worth of the accumulation is a record $47.38 billion, according to the World Gold Council. The buying spree is increasing every quarter as central banks diversify their reserves in 2026. The US dollar is no longer the dominant asset in reserves, as the glittery metal is taking its place. Institutional funds and retail investors are also the largest buyers of the metal.

Also Read: De-Dollarization Is Not Over, Warns Chief Economist at CICC

Poland and China Lead the Gold Accumulation Spree in Q2 of 2026

Poland remains the top buyer by accumulating 51 tonnes of gold. China comes second after adding 33 tonnes of the precious metal during the second quarter of 2026. Gold accumulation in the first quarter of 2026 topped 345 tonnes. The accumulation took place in Q1 when the XAU/USD index fell nearly 14% from January highs. This created a buying window, as prices dipped and central banks made use of the development.

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