Central banks are buying more gold than expected, and purchases will increase further through 2026 – Goldman Sachs   

By Ernest Hoffman –  KITCO

Central bank gold purchases have come in stronger than previous estimates so far in 2026, and updated projections have sovereign demand rising further in the second half of the year, according to commodity strategists at Goldman Sachs. –  KITCO

Goldman Sachs analysts announced on Friday that they have revised their central bank gold demand model to account for gaps in official trade data.

Back in March, the investment bank raised its nowcast of central bank purchases to about 50 tonnes per month on a 12-month moving average basis, up from 29 tonnes under its earlier methodology.