Central Bank Gold Buying Surges 158% Above Pre-2022 Average

Goldman Sachs reports global central banks bought 44 tons of gold in July, 158% above the pre-2022 average, with a 3-month average of 91 tons near the highest since mid-2025. This indicates sustained official-sector demand for gold, likely driven by diversification and geopolitical hedging, which supports gold prices and signals risk-off sentiment.