Goldman Sachs Forecasts Central Banks to Buy 50 Tons of Gold Monthly in 2026, Slowing to 40 Tons in 2027

According to Goldman Sachs, central banks will purchase gold at a pace of 50 tons per month in 2026, decelerating to 40 tons monthly in 2027, though this sustained demand will continue to provide structural price support.

A separate survey by the World Gold Council conducted between February and May among 76 central banks showed that a record 45% of respondents plan to increase their gold reserves within the next 12 months, the highest level in survey history. Approximately 90% of respondents expect global central bank gold holdings to rise over the same period, with the remainder anticipating no change.