| Important statements from the World Gold Council about gold’s future
In its latest statements, the World Gold Council confirmed that central banks continued to increase their gold reserves during 2026, with purchases rising by 6% in the first nine months compared with the same period in 2025.
Central bank purchases reached 321.2 tonnes in the third quarter, up from 296.3 tonnes in the second quarter—the highest quarterly level since the end of 2024.
The World Gold Council believes current indicators point to continued demand from central banks in 2026 and 2027, as they seek to diversify their reserves and reduce their reliance on the dollar.
In contrast, the World Gold Council’s statements predicted that gold would not reach $5,000 in the near term, though they did not rule out the price reaching new highs over the long term.
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In its latest statements, the World Gold Council confirmed that central banks continued to increase their gold reserves during 2026, with purchases rising by 6% in the first nine months compared with the same period in 2025.
Central bank purchases reached 321.2 tonnes in the third quarter, up from 296.3 tonnes in the second quarter—the highest quarterly level since the end of 2024.
The World Gold Council believes current indicators point to continued demand from central banks in 2026 and 2027, as they seek to diversify their reserves and reduce their reliance on the dollar.
In contrast, the World Gold Council’s statements predicted that gold would not reach $5,000 in the near term, though they did not rule out the price reaching new highs over the long term.
$LUNC
@mshabaka $LUNC $BOME
#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #TradFiForBeginners
