In Q1 2026, Poland, Uzbekistan, and China emerged as the largest gold buyers among central banks, with unreported purchasing activity remaining elevated throughout the quarter, indicating continued strategic accumulation of gold reserves by these nations.
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China, Poland, UzbekistanAdded:
Okay, so who's buying and who's selling?
We're going to go through this fairly quickly. The biggest buyers Poland, Uzbekistan, China, no surprise there. A few other countries, you can pause and read this if you are so inclined. The only thing I want to read from this page here is beyond reported purchases, right? All this is coming from reported purchases. Unreported buying remained elevated in the quarter.
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