Central banks buy 41 tonnes of gold as prices post a fourth straight monthly drop
AI Market Summary
Gold logged a fourth straight monthly decline (down 11.7% in June) as firmer expectations for further Fed tightening lifted real-rate and USD headwinds, while Middle East tensions failed to generate sustained safe-haven inflows. Offsetting this, central banks still added a net 41 tonnes, underscoring resilient official-sector physical demand. Near-term trading is likely to stay driven by rates and dollar sensitivity despite supportive underlying buying.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.30%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Gold prices fell 11.7% in June, marking a fourth consecutive monthly decline. Over the same period, central banks were net buyers of 41 tonnes of gold, indicating that institutional demand remained resilient. Markets, however, focused on rising expectations of Federal Reserve rate hikes and the lack of a major safe-haven bid tied to Middle East tensions, which kept pressure on prices. The figures reflect the latest monthly official central bank gold-purchase tally, offering a direct read on physical supply and demand.
