The Iran War Was Supposed to Create Gold Sellers. It Didn’t

From silvertrade.com

For much of 2026, one of the biggest concerns hanging over the gold market was the possibility that central banks had quietly shifted from buyers to sellers. Rising geopolitical tensions, a stronger U.S. dollar, higher real interest rates, and concerns surrounding Middle Eastern reserve management all fueled speculation that official-sector gold accumulation might be coming to an end. According to a new report from UBS strategist Joni Teves, those fears appear to have been overstated. World Gold Council data showed central banks and other official institutions purchased a net 244 tonnes of gold during the first ... (full story)