Central banks shift strategy with increased gold buying. Nations are accelerating precious metal accumulation to hedge against de-dollarisation and geopolitical uncertainties, according to the World Gold Council. Guatemala, Indonesia, and Malaysia have recently entered or resumed gold purchases after extended absences from the market. This trend reflects a broader pivot in global reserve strategies as countries seek alternatives to dollar-denominated assets. Despite gold prices declining over one thousand dollars per troy ounce this month, central bank demand remains robust. The WGC projects central banks will purchase approximately 850 metric tons of gold this year, down slightly from 2025 levels but still significantly elevated compared to pre-2022 periods.
