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Central bank gold statistics: Momentum eases in January while demand base broadens
Central bank gold buying momentum eased at the start of the year, compared to the prior 12-month average of 27t. Net purchases for the month of January totalled 5t (Chart 1). Volatile gold prices and the holiday season may have given some central banks pause, though geopolitical tensions, which have shown little sign of abating, are likely to keep accumulation going through 2026 and beyond. Reported activity in January has been concentrated in: The Central Bank of Uzbekistan bought 9t the month, continuing its buying streak since October. The purchase lifted its gold reserves to 399t. The growth in Uzbekistan’s ... (full story)
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