Central Banks Buy 244 Tons of Gold in Q1
Key Questions
How much gold did central banks purchase in the first quarter?
Central banks bought a record 244 tons of gold in Q1, as confirmed by the World Gold Council (WGC). This occurred despite gold price volatility reaching the $4,500s, with total demand valued at $193 billion.
Which countries led the central bank gold purchases?
Poland and China led the record-paced buying of gold by central banks. This surge reinforces long-term bullish structural demand amid de-dollarization trends.
What drove the increase in gold bar and coin demand?
Bar and coin demand rose sharply to 474 tons, offsetting a drop in jewelry demand. Investors can potentially profit from countries shifting away from the US dollar toward gold, as highlighted in related analyses.
WGC confirms record pace buys led by Poland/China despite volatility to $4,500s; total demand value $193B, bar/coin 474t up sharply offsetting jewelry drop. Reinforces long-term bullish structural demand amid de-dollarization.