Central banks stayed net gold buyers in February as geopolitical risks intensified

Central banks continued to add to gold reserves in February despite escalating geopolitical tensions and heightened economic uncertainty. While the outlook for official-sector gold demand remains clouded by inflation pressures and the widening conflict involving Iran, new data indicate buying persisted up to the onset of hostilities. The World Gold Council (GOLDCOUNCIL) reported that central banks purchased a combined 19 tonnes of gold in February, led by the National Bank of Poland. Full article: Kitco