Central Banks Double Gold Purchases as Poland and China Lead Buying
Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
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Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
The Bank of Japan raised its benchmark interest rate to 1%, the highest level in more than three decades, as policymakers respond to persistent inflation and pressure on the yen.
Monetary policy uses interest rates and other tools to influence inflation, credit, employment, and economic activity. Learn how central-bank decisions reach households, businesses, and markets.
Central bank gold reserves surge in value, with U.S. holdings reaching $1.44 trillion at $5,500 per ounce.
Gold has surpassed U.S. government bonds in central bank reserves for the first time in at least two decades, according to analysts. The shift underscores gold’s rising role as the primary defensive asset in the global financial system.
Global central banks issued a joint statement backing Fed Chair Jerome Powell and reaffirming support for monetary policy independence.
Gold hit $4,500 today, validating Ed Yardeni’s bullish forecast and pushing Wall Street to raise its long-term outlook for the metal heading into 2026.
Japan may raise interest rates for the first time in 11 months as inflation and wage growth strengthen, signaling a gradual shift away from ultra-loose policy.
Turkey’s central bank lowered its policy rate to 38% – its fourth consecutive cut and below expectations, as policymakers push ahead with easing despite persistent inflation pressures.
European markets slipped on Thursday as the Swiss National Bank kept rates at 0% and investors digested the Federal Reserve’s latest quarter-point cut alongside signals that further easing may prove difficult.
The Federal Reserve is expected to issue a third straight rate cut while warning that further easing may be limited, as officials remain split over slowing job growth and stubborn inflation.
The Bank for International Settlements says gold’s 60% surge alongside record-setting equities marks an unusual pattern that may signal speculative excess across major markets.
A Goldman Sachs survey shows over 70% of institutional investors expect gold to rise further, with many forecasting a move toward $5,000 by 2026.
Deutsche Bank increased its 2026 gold price forecast to $4,450 per ounce, citing stronger investor flows and persistent central-bank buying that continue to tighten supply.
The Bank of Japan revives hawkish signals and prepares markets for a possible December rate hike as a weak yen and easing political resistance sharpen focus on inflation.