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2026-05-18 09:23:30
[Hot News Recap: Goldman Sachs Points Out Central Bank Gold Purchases Exceed Expectations, May Accelerate Further in 2026] 1. Goldman Sachs released a report last Friday stating that after incorporating gaps in official trade data into its model, central bank demand for gold is stronger than previously anticipated, and this demand may accelerate again in 2026. 2. Based on a 12-month moving average, Goldman Sachs has revised its immediate estimate of monthly central bank gold purchases to approximately 50 tons in March, significantly higher than the 29 tons derived using its previous method. 3. Goldman Sachs now expects central bank monthly gold purchases to reach approximately 60 tons in 2026, against the backdrop of continued geopolitical uncertainty driving asset diversification. 4. Goldman Sachs points out that its previous estimates have underestimated demand since August 2025. This is because UK trade data no longer fully reflects gold outflows from London vaults, suggesting unrecorded sovereign purchases. 5. Goldman Sachs stated, "Underlying demand for gold remains strong." Central bank surveys and recent geopolitical developments are likely to further boost gold demand from official institutions and private investors in the near future. 6. Goldman Sachs reiterated its year-end target of $5,400 per ounce for gold, but also warned that gold prices could face downward pressure in the short term if investors sell liquid assets to raise cash during market downturns.
