Central Banks Bought 23 Metric Tons of Gold in July
A survey of central banks found that 89 percent of respondents forecast global central bank gold reserves to rise over the year. Central banks worldwide purchased a net 23 metric tons of gold in July, in line with the overall yearly trend, according to the World Gold Council (WGC).
The largest buyer last month was China, which bought 20 metric tons, according to a Sept. 3 WGC report.
“Notably, activity from the People’s Bank of China (PBoC) has picked up pace in recent months, with double-digit monthly purchases of gold since May 2026,” the report said.
Poland purchased 8 metric tons and was the second-largest buyer.
Russia was the top net seller, with 6 metric tons sold. This was followed by Turkey, Uzbekistan, and Jordan, all of which sold 1 metric ton each.
https://www.theepochtimes.com/world/central-banks-bought-23-tonnes-of-gold-in-july-6083881?welcomeuser=1
3September 7, 2026 2.1K 8
