Global central banks purchased 321 tons of gold in the third quarter, the highest single-quarter level in nearly two years.
Original headline全球央行三季度购金 321 吨，创近两年单季新高
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Global central banks bought a net 321 tonnes of gold in Q3 2026, the largest single-quarter purchase since Q4 2024 and the fifth-highest on record, according to The Kobeissi Letter. The figure rose about 8% from 296 tonnes in Q2 and roughly 453% from a low base in Q1, well above the five-year quarterly average of about 227 tonnes, with China and Poland leading at 63 tonnes and 40 tonnes respectively. Year to date, central banks have accumulated 675 tonnes, up about 6% from the same period in 2025. The buying signals continued official-sector demand for gold as a reserve asset even at elevated prices, with the Kobeissi Letter describing central banks as actively buying the dip. Watch whether Q4 purchases sustain the pace above the 227-tonne historical average and whether China and Poland continue to dominate reported flows.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
global central banks, China, Poland, The Kobeissi Letter