Central bank buying

Official-sector demand, reserve diversification and the structural bid underneath the market.

10 articles on this topic

  1. News & Macro

    Gold demand set records in Q3. None of it set a floor Newest

    The World Gold Council's Q3 report shows record value, record ETF holdings and 321t of official buying, while gold trades 8% below the quarter's average price…

    ·6 min read
    • $3,920.63
    • $3,895.59
    • $3,969.96
    • $4,262.20
  2. News & Macro

    Gold has a buyer under $4,000. Silver has a chemistry problem

    Silver lost 18.70% in October to gold's 6.78%, and the gold/silver ratio ran from 68.80 to 78.89. The gap is not sentiment: a sixth straight deficit…

    ·6 min read
    • $3,875.44
    • $4,157.34
    • $4,000
    • $3,903
  3. Signals

    XAUUSD signal: sell the $3,903 bounce, target $3,843

    Gold closed at a 13-month low after a $146 slide that lower yields and a flat dollar cannot explain. Monday's plan sells a $3,903 bounce with…

    ·7 min read
    • $3,875.44
    • $4,023.94
    • $4,027.13
    • $3,870.17
  4. News & Macro

    Core PCE in line: gold gives the print back within an hour

    September core PCE printed 0.3% m/m and 3.1% y/y, exactly on consensus, with Q3 GDP at 3.4% against 3.1%. Gold added $6 in the first five…

    ·4 min read
    • $4,025.14
    • $4,023.35
    • $4,032.02
    • $4,027.03
  5. News & Macro

    Gold Forecasts Were Cut Again. The 2027 Number Went Up

    The Reuters poll of 30 analysts cut its 2026 gold median to $4,495, down just $14, and raised 2027 to $4,650. The consensus is arguing about…

    ·6 min read
    • $4,060.54
    • $3,989.33
    • $4,495
    • $4,509
  6. News & Macro

    The Fed Meets Wednesday. Gold's Real Test Is Thursday.

    Gold closed at $4,060 after a 1.08% rally into the Fed, with a hold 88% priced and a December hike at 76-82%. The level grid, three…

    ·6 min read
    • $4,060.33
    • $3,989.33
    • $4,065.76
    • $4,056.66
  7. News & Macro

    Gold Priced the Fed. Sovereigns Are Buying the Floor.

    Spot gold fell a third straight session to $4,122 even as the dollar softened, with December hike odds at 89-94% - yet the PBoC added 23…

    ·6 min read
    • $4,121
    • $4,122
    • $4,142.60
    • $5,594.82
  8. News & Macro

    Gold ETF Inflows Hit a Record 4,256t While Gold Fell 8.5%

    September: gold ETFs took in US$10bn to a record 4,256 tonnes while COMEX money managers cut 84 tonnes — the divergence that framed gold's $4,150 base…

    ·6 min read
    • $4,100
    • $4,073
    • $4,162
    • $4,150
  9. News & Macro

    September CPI at 3.7%: Gold Loses the Whole Range as October Hike Odds Double

    September CPI printed at 3.7% y/y against 3.6% expected with core at 2.6%, and gold paid for it immediately: a 1.7% slide to about $4,085 that…

    ·6 min read
    • $4,143
    • $4,200
    • $4,085
    • $4,087
  10. Signals

    CPI-Gated Range Playbook: $4,193 Sell / $4,118 Buy

    Gold trapped in a $4,143-$4,200 range ahead of the CPI print. Two conditional setups: sell the $4,190-4,196 rejection with SL $4,214, or buy the $4,118-4,124 Fibonacci…

    ·4 min read
    • $4,143
    • $4,200
    • $4,215
    • $4,220

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Most gold moves trace back to a handful of recurring drivers. Reading a hub end to end is the fastest way to see how the metal has responded to that driver over time.