BREAKING: World central banks purchased +41 tonnes of gold in May, the largest monthly addition since November 2025. This follows +17 tonnes acquired in April, and marks the 3rd monthly purchase this year. Poland led for the 2nd consecutive month at +18 tonnes, bringing its year-to-date total to +64 tonnes, with gold reserves now at a record 614 tonnes. China added +10 tonnes, the biggest monthly addition since December 2024, increasing its official gold reserves to a record 2,331 tonnes, also accounting for 9% of total FX reserves, near an all-time high. This also marks the 20th consecutive monthly purchase by the Chinese central bank. At the same time, Uzbekistan and Kazakhstan acquired +9 tonnes and +7 tonnes, respectively. Central bank demand for gold is back.