June 5, 2026

Central Banks Resume Gold Accumulation: 19 Tonnes Added in April

"The patient are stacking. The desperate are selling."

Central banks have officially resumed their gold buying spree in April, signaling a continued shift toward hard asset reserves amidst global macroeconomic uncertainty. Net purchases for the month reached 19 tonnes, reflecting a strategic reinforcement of national balance sheets.

Top Institutional Buyers

• ↳ Poland: Added +14 tonnes, leading the global pack as they continue to aggressively expand their gold reserves.
• ↳ China: Purchased +8 tonnes, marking their highest monthly addition since December 2024. This extends their consecutive buying streak to 18 months.
• ↳ Czech Republic: Added +3 tonnes, remarkably maintaining a 38-month straight buying streak.

Divergent Trends: Russia Divests

While most major central banks are accumulating, Russia remains a notable outlier on the sell-side. In April, Russia divested -6 tonnes of gold, bringing their year-to-date total to 22 tonnes sold. This divergence highlights the varying liquidity needs and geopolitical strategies currently playing out in the precious metals market.

Market Sentiment

The persistent accumulation by China and the Czech Republic underscores a long-term institutional commitment to gold as a primary reserve asset. For traders and investors, this "smart money" movement provides a significant floor for gold prices and validates the metal's role as a hedge against systemic risk.

#Gold #CentralBanks #PreciousMetals

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Central Banks Resume Gold Accumulation: 19 Tonnes Added

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