Central bank demand for gold has been stronger than previously estimated and is likely to pick up again into 2026, Goldman Sachs said on Friday, after revising its model to account for gaps in official trade data. The bank raised its nowcast of central bank purchases to about 50 t per month in March on a 12-month moving average basis, up from 29 t under its earlier methodology. The bank now expects central banks to average around 60 tonnes per month through 2026, supported by continued diversification demand amid geopolitical uncertainty. Goldman said its previous estimates had undershot demand since August 2025, ... (full story)