World Gold Council: Central Banks Net Purchases of 19 Tons of Gold in February, China Continues 16-Month Streak

According to the World Gold Council report, central banks net purchased 19 tons of gold in February 2026, a rebound from January but still below the average for 2025. Some central banks continue to buy gold, with China increasing its holdings for the 16th consecutive month. Goldman Sachs and UBS forecast that gold prices could rise to $5,400 and $5,900 respectively in the future.

According to Gate News, on April 5, the World Gold Council released its February 2026 central bank gold purchase report. Central banks net bought 19 tons of gold in February 2026, although this is still below the 26-ton monthly average reported in 2025, it is an increase from the 5 tons net purchase in January 2026. The World Gold Council stated that the February figures suggest a rebound in central bank gold buying after a quiet January, highlighting their recognition and commitment to gold as a reserve asset.

The report shows that some central banks maintained a record of continuous net gold purchases, with a total of 44 tons bought from November 2024 to February 2026. The Czech Republic reported its 36th consecutive month of net gold purchases. China has increased its gold holdings for 16 consecutive months.

Goldman Sachs's research report at the end of March pointed out that supported by ongoing central bank gold purchases and the Federal Reserve's expected two more rate cuts this year, the medium-term outlook for gold remains solid, with prices potentially rising to $5,400 per ounce by the end of the year. UBS also forecasted at the end of March that the target price for gold in early 2027 would be $5,900 per ounce.