Global Central Banks Buy 17 Tonnes of Gold in April, Reversing March Sales

Global central banks collectively purchased 17 tonnes of gold in April, marking the second monthly net purchase this year and a sharp reversal from March, when net sales totaled 30 tonnes driven by Turkey and Russia.

Poland led the buying with 14 tonnes, bringing its year-to-date total to 45 tonnes and its official gold reserves to 595 tonnes. China added 8 tonnes in April, its largest monthly increase since December 2024, lifting official reserves to a record 2,322 tonnes, or roughly 9% of total reserves. China has now bought gold for 18 consecutive months.

The data underscores continued strong central bank demand for gold, a key driver of the metal's recent price performance.