Gold: Central bank demand supports downside floor – ING
By FXStreet Insights Team
Updated: 7 Apr 2026
POPULAR ARTICLES
ING analysts Ewa Manthey and Warren Patterson highlight that central banks have resumed strong Gold buying, with February net purchases led by Poland and continued accumulation by China, Czech Republic and others.
ING analysts Ewa Manthey and Warren Patterson highlight that central banks have resumed strong Gold buying, with February net purchases led by Poland and continued accumulation by China, Czech Republic and others. They argue that this steady official-sector demand, alongside geopolitical uncertainty and reserve diversification needs, should help underpin Gold prices and limit downside during periods of market volatility despite softer investor flows.
Official buying and diversification theme
"In precious metals, central banks stepped up gold purchases in February, rebounding after a lull in January, according to monthly data from the World Gold Council."
"The trend of sustained accumulation remained intact across several central banks."
"This could help underpin prices during periods of volatility and limit downside at a time when investor flows soften."
"This backdrop remains supportive for gold amid elevated geopolitical uncertainty and ongoing concerns over reserve diversification."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
