Central banks bought another 39 tonnes of gold in August. That's five months in a row now.
China added 20 tonnes—bringing their total to 2,387 tonnes, roughly 9% of their foreign exchange reserves. They've added 80 tonnes year-to-date.
Poland picked up 8 tonnes, now sitting at 648 tonnes total with 98 tonnes added this year.
So far in 2026, central banks globally have accumulated 170 tonnes.
The pattern is clear: central banks are steady buyers. They're not chasing headlines or momentum—they're building positions methodically, month after month.
Gold doesn't pay a dividend. It doesn't generate cash flow. But it also doesn't default, and no government can print more of it.
When central banks—who literally create money—keep buying gold, that tells you something about confidence in the system they manage.
China added 20 tonnes—bringing their total to 2,387 tonnes, roughly 9% of their foreign exchange reserves. They've added 80 tonnes year-to-date.
Poland picked up 8 tonnes, now sitting at 648 tonnes total with 98 tonnes added this year.
So far in 2026, central banks globally have accumulated 170 tonnes.
The pattern is clear: central banks are steady buyers. They're not chasing headlines or momentum—they're building positions methodically, month after month.
Gold doesn't pay a dividend. It doesn't generate cash flow. But it also doesn't default, and no government can print more of it.
When central banks—who literally create money—keep buying gold, that tells you something about confidence in the system they manage.