The World Gold Council halved its 2026 gold investment forecast as retail buying slowed. However, it raised its outlook for central bank purchases.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Who’s Buying Gold in 2026? The World Gold Council’s New Data Has an Answer
Read the original on Yahoo Finance ↗
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goldWorld Gold Councilcentral bankXAUUSD
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/03/2026 | 3,946.40 |
| Change that session | -0.16% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/03/2026 | 3,934.56 |
| Change that session | -0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Central Banks buy 321 tonnes of Gold in Q3 , lifting 2026 demand to 675 tonnes : World Gold Council
Central banks bought 321 tonnes of gold in the third quarter of 2026, well above recent typical quarterly levels, bringing their year-to-date purchases to 675 tonnes, up 6% year-on-year, according to the World Gold Council (WGC). The WGC expects central bank buying to at least match 2025 levels. Total gold demand, including OTC investment, fell 1% to 1,369 tonnes in Q3, though year-to-date demand of 3,881 tonnes nearly matched the 2025 record of 3,884 tonnes, and reached a record USD 566 billion in value. Gold ETFs added 211 tonnes after outflows in Q2, while bar and coin demand fell 19% to 268 tonnes and jewellery demand dropped 17% to 313 tonnes, the weakest third-quarter level in the WGC's data series. Mine output rose 3% to a third-quarter record of 1,071 tonnes, but recycling fell 8% to 314 tonnes, its lowest in three years.
- Central Banks buy 321 tonnes of Gold in Q3 , lifting 2026 demand to 675 tonnes : World Gold Council
Central banks bought 321 tonnes of gold in Q3 2026, above recent typical quarterly levels, lifting their year-to-date purchases to 675 tonnes, up 6% year-on-year, according to the World Gold Council (WGC). Overall gold demand fell 1% year-on-year to 1,369 tonnes in Q3, as high prices weighed on jewellery (down 17% to 313 tonnes) and bars and coins (down 19% to 268 tonnes). Gold ETFs reversed Q2 outflows with 211 tonnes of inflows, which the WGC linked to concerns over fiscal sustainability and inflation. On the supply side, mine production rose 3% to a Q3 record of 1,071 tonnes, while recycling fell 8% to 314 tonnes, its lowest level in three years. The WGC expects central bank buying to at least match 2025 levels.
- Central Banks buy 321 tonnes of Gold in Q3 , lifting 2026 demand to 675 tonnes : World Gold Council
According to the World Gold Council, central banks bought 321 tonnes of gold in Q3 2026, lifting their year-to-date purchases to 675 tonnes, up 6% year on year, and the WGC expects their buying to at least match 2025 levels. Gold ETFs added 211 tonnes after outflows in Q2, while bar and coin demand fell 19% to 268 tonnes and jewellery demand fell 17% to 313 tonnes amid high prices. Total Q3 gold demand fell 1% to 1,369 tonnes, but year-to-date value reached a record USD 566 billion. Mine production rose 3% to 1,071 tonnes, a third-quarter record, while recycling fell 8% to 314 tonnes, its lowest in three years.
- Central Banks Just Bought More Gold Than the World’s Jewelry Buyers. Something Big Is Changing.
Over the three months to September, central banks added 321.2 metric tons of gold to reserves, while jewelry buyers bought 312.9 tons, a gap that reversed the picture from a year earlier. The World Gold Council said central-bank purchases rose 42%, while jewelry demand fell 17% amid high prices. Gold-backed ETFs added 211.2 tons, lifting global holdings to a record 4,256 tons, which the council linked to concerns over fiscal sustainability and inflation. Central banks kept buying even though the 10-year TIPS yield was 2.64% and the 10-year Treasury yielded 4.9%, and the article notes only about 120 tons of central-bank buying was directly reported. Spot gold stood near $4,086, about 12.7% below its August high.
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Central banks bought a net 321 tonnes of gold in the third quarter of 2026, the fastest pace since late 2024, lifting estimated year-to-date purchases to 675 tonnes, according to the World Gold Council. China (63 tonnes) and Poland (41 tonnes) were the largest disclosed buyers, while Russia was the only major seller, offloading about 19 tonnes. Gold prices have fallen about 25% since the Iran conflict broke out in late February, as higher energy costs raised expectations of tighter monetary policy. Gold-backed ETF holdings rose 211 tonnes to a record for the third quarter, while jewelry demand fell 17% to 313 tonnes, its lowest Q2 level since 2000, due to tax changes in India and China and high prices. WGC’s John Reade said the weaker gold price in the third quarter may have encouraged some central banks to buy more.
- Global central banks buy the most gold in two years
Central banks bought a net 321 tonnes of gold in the third quarter, up 42% from a year earlier and the largest quarterly purchase since late 2024, according to the World Gold Council (WGC). China and Poland led disclosed buying with 63 tonnes and 41 tonnes, while Russia's central bank sold 19 tonnes. Year to date, central banks have bought a net 675 tonnes, and the WGC expects them to purchase at least 848 tonnes this year, matching last year's level. Total global gold demand fell 1% to 1,369 tonnes, with bar and coin demand down 19% and jewelry down 17%, while gold-backed ETFs added 211 tonnes. Gold is roughly 30% below its January peak of $5,595.
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