Central bank buying offsets gold ETF outflows in Q2 2026, ING says
Global gold demand was flat year-on-year in the second quarter of 2026 at 1,269 tonnes, as strong central bank purchases balanced a decline in ETF investment, according to ING.
ING’s commodities team reported that total gold demand held steady in Q2 2026 at 1,269 tonnes, unchanged from the same period a year earlier. Robust buying by central banks offset weaker exchange-traded fund flows.
Central bank purchases remained a key pillar of demand, continuing the trend of official sector accumulation. At the same time, investment in gold-backed ETFs contracted, acting as a drag on the total.
The flat overall figure suggests that physical demand for the metal is resilient, supported by institutional and sovereign interest even as some investor segments pull back.
Source: FXStreet Forex News