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<Commodity>WGC: New/ Long-absent Central Banks Enter Gold Mkt in Recent Mths
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Shaokai Fan, Head of Asia-Pacific (ex China) and Global Head of Central Banks at the World Gold Council (WGC), said that, in recent months, new central banks or those long absent from the market have begun entering the gold market, according to Cailian Press. He specifically mentioned the central banks of Guatemala, Indonesia and Malaysia, suggesting that this trend may continue until the end of the year. Some central banks are purchasing gold from small domestic producers to support local industries, Fan added. The WGC predicted in January 2026 that central bank gold purchases would decrease by 13 tons YoY to 850 tons this year. Last year, central bank purchases accounted for about 17% of the total demand in the global gold market. AASTOCKS Financial News Website: www.aastocks.com |
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