Gold Central Banks Net 53 Tons in October as Poland Leads YTD Purchases and 95% Expect Higher Holdings (WGC)

According to the World Gold Council data, central-bank net purchases reached 53 tonnes in October, up 36% sequentially — the strongest monthly uptick since 2025 — signaling renewed demand for gold reserves as a macro hedge against inflation and policy shifts.

Emerging markets expanded purchases, with Poland, Brazil, and Uzbekistan leading the way, highlighting gold as a strategic reserve asset amid currency volatility and regional growth dynamics.

Year-to-date official net purchases total 254 tonnes, led by Poland with 83 tonnes. WGC surveys show 95% of central banks expect to lift holdings further over the next year, underscoring gold‘s persistent role in diversifying official portfolios and risk management.