Central banks bought a net 321 tons of gold in the three months through September, the fastest pace since the end of 2024, according to the World Gold Council (WGC), bringing year-to-date purchases to 675 tons. Almost two-thirds of that buying was not disclosed by the central banks themselves, with China and Poland the largest disclosed buyers at 63 and 41 tons, while Russia sold 19 tons. Gold has lost about a quarter of its value since the Iran war began in late February, as higher energy costs fed expectations of tighter monetary policy, and WGC strategist John Reade said weaker prices and a stronger dollar may have encouraged some central banks to buy. Gold-backed ETF holdings rose 211 tons to a record in the third quarter. Jewelry demand fell 17% to 313 tons, the weakest third quarter since 2000, as tax changes in India and China and higher prices pushed consumers toward lighter pieces.
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: high
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/02/2026 | 3,952.77 |
| Change that session | +1.07% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/02/2026 | 3,938.98 |
| Change that session | +1.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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