BIG: Global central banks bought 289 tonnes of gold in Q2, the biggest quarterly haul since late 2024, with Poland leading the charge.

What happened

Global central banks bought 289 tonnes of gold in the second quarter, the biggest quarterly haul since late 2024, with Poland leading the purchases.

Confirmed

Global impact / market context

Central‑bank buying shows official confidence in gold as a store of value, which can help sustain higher gold prices and give investors a hedge against currency and inflation risks.

Analyst inference

The record‑size purchase adds to official‑sector demand, suggesting that central banks are increasingly turning to gold to diversify reserves, which may bolster overall market buying pressure.

Analyst inference

What to watch

1. Quarterly gold buying reports from other central banks, as additional purchases could further support gold prices if the trend continues. Analyst inference
2. Poland’s future gold acquisitions, because continued buying may influence other nations’ reserve‑management decisions. Analyst inference
3. Changes in global inflation or geopolitical risk levels, since heightened uncertainty often prompts official buyers to increase gold holdings. Analyst inference

Evidence

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