The Kobeissi Letter(@KobeissiLetter):BREAKING: Global central banks acquired +39 tonnes of gold in August, marking their 5th consecutive monthly purchase. This follows +23 tonnes in July and +52 tonnes in June. China again led demand, adding +20 tonnes and bringing its year-to-date purchases to +80 tonnes. China’s official gold reserves have now risen to a record 2,387 tonnes, or 9% of its total FX reserves. Furthermore, Poland bought +8 tonnes, lifting its year-to-date purchases to +98 tonnes and total gold reserves to a record 648 tonnes. So far in 2026, central banks have acquired +170 tonnes of gold. Central banks continue to aggressively accumulate gold.

2026.10.07 19:31

BREAKING: Global central banks acquired +39 tonnes of gold in August, marking their 5th consecutive monthly purchase. This follows +23 tonnes in July and +52 tonnes in June. China again led demand, adding +20 tonnes and bringing its year-to-date purchases to +80 tonnes. China’s official gold reserves have now risen to a record 2,387 tonnes, or 9% of its total FX reserves. Furthermore, Poland bought +8 tonnes, lifting its year-to-date purchases to +98 tonnes and total gold reserves to a record 648 tonnes. So far in 2026, central banks have acquired +170 tonnes of gold. Central banks continue to aggressively accumulate gold.