Goldman Sachs forecasts central banks will buy gold at roughly 50 t/month in 2026, slowing to about 40 t/month in 2027. Although below prior peaks, Goldman says the sustained buying trend will provide a durable structural floor for gold prices and materially buffer downside risk. A World Gold Council survey of 76 central banks conducted Feb–May supports this: a record 45% expect to increase gold reserves in the next 12 months; about 90% expect global central bank gold holdings to rise and none e

Goldman Sachs forecasts central banks will buy gold at roughly 50 t/month in 2026, slowing to about 40 t/month in 2027. Although below prior peaks, Goldman says the sustained buying trend will provide a durable structural floor for gold prices and materially buffer downside risk. A World Gold Council survey of 76 central banks conducted Feb–May supports this: a record 45% expect to increase gold reserves in the next 12 months; about 90% expect global central bank gold holdings to rise and none expect a decline.