⛏ Ranked: Central Banks Buying and Selling Gold in 2026

Russian central bank sold 700,000 oz. of gold in 2026
The Russian central bank has sold 700,000 troy ounces of gold so far this year, data showed on Monday. Russia’s gold reserves stood at 74.1 million troy ounces as of the start of April, compared with 74.8 million at the start of the year. The central bank valued its gold holdings at $334 billion, down from $384 billion last month but up from $325 billion on January 1. The buying of gold by global central banks was one of the key factors behind last year’s gold price rally. Read on »

Debasement Trade Could Drive Gold to $8,000
According to Wells Fargo chief equity strategist Ohsung Kwon, the “debasement trade” has the potential to drive gold to that mind-spinning number. “We’re in the 4th debasement cycle that started in 2022. Following the recent pullback, gold is now closer to our model’s fair value of $4,500, and all three drivers are likely to suggest further debasement from here.” Read on »

China’s Silver Imports Jump to Record on Retail and Solar Demand
The world’s biggest silver consumer imported around 836 tons last month, extending a strong run of inbound shipments so far this year, according to Chinese customs data on Monday. That compares with a 10-year seasonal average for March of about 306 tons. Read on »