Global Central Banks Purchased 321 Tonnes of Gold in Q3, Marking a Nearly Two-Year Quarterly High

On November 11, citing The Kobeissi Letter, global central banks made net gold purchases of 321 tons in Q3 2026, marking the largest quarterly volume since Q4 2024 and the fifth-highest on record.
This figure represents an increase of approximately 8% compared to the 296 tons in Q2, and about 453% growth from the lower base in Q1, against a five-year quarterly average of roughly 227 tons. China and Poland led purchases in the quarter, adding 63 tons and 40 tons respectively.
On a year-to-date basis, global central banks have cumulatively acquired 675 tons of gold this year, up approximately 6% from the same period in 2025. The account noted that central banks are "actively buying gold on dips."