#CentralBanksBuy321tGold

About CentralBanksBuy321tGold

World Gold Council data released Nov 3 showed central banks bought a net 321 tonnes in Q3, up 42% YoY and the most since Q4 2024. Gold ETFs added 211 tonnes, lifting holdings to a record 4,256 tonnes, while bar and coin demand fell 19%. Spot gold traded near $3,900, about 30% below January’s peak. Despite strong central bank and ETF demand, the dollar, Treasury yields and deleveraging weigh on prices. Can long-term demand offset near-term selling pressure and help gold stabilize?