Central Banks Buy 63 Tons of Gold in September, Most in Two Years—"Record High Within Two Years" - BigGo Finance

Central banks added 63 tons of gold to their reserves in September, the largest monthly increase in two years, according to BigGo Finance. The purchases underscore continued official-sector demand for the metal, which has been a persistent feature of reserve management in recent years.

Why does this matter for markets? Central bank buying can influence gold's supply-demand balance because official reserves are large and purchases tend to be held rather than traded. Sustained accumulation may tighten available supply and, alongside other drivers such as interest rates and the dollar, can shape price sentiment. The report's reference to a "record high within two years" suggests the pace of accumulation has returned to levels not seen since 2022.

What to watch: whether the September figure marks a one-off or the start of a broader trend. Monthly reserve data from individual central banks, along with IMF statistics, will show which institutions are buying and whether the pace continues. For observers, the key question is whether official demand remains a steady background support for gold or fades in coming months.