Central banks bought a net 62 tons of gold in July and August, according to the World Gold Council, with China adding 20 tons in August for its 22nd straight month of purchases. Poland has bought aggressively this year with 98 tons in the first eight months, while Uzbekistan and Kazakhstan bought 50 and 36 tons. Russia and Jordan were net sellers in August, offloading 6 and 3 tons. Goldman Sachs expects central banks to average 50 tons of purchases monthly this year and forecasts gold reaching $4,900 per ounce, though higher rates and a stronger dollar could limit gains. Gold traded above $4,150 per ounce but is still down about 4% this year and well below its $5,600 record.
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/20/2026 | 4,122.25 |
| Change that session | -0.28% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/20/2026 | 4,116.60 |
| Change that session | -0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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