Investment
Features
FeesSafety
Academy
More
Pluang+

Central banks' gold buying sets a strong price floor despite March's sharp drop.

Market News
08 Apr 2026
Stjepan Kalinic
View Source
Bullish
pluang ai news

Gold prices fell sharply by 12% in March, marking the worst monthly drop since 2008. However, BRICS+ nations and other central banks continue to accumulate gold steadily, now holding over 6,000 tons or 17.4% of global reserves, up from 11.2% in 2019. This persistent buying, especially by China and potentially Saudi Arabia, creates a 'structural floor' that supports gold prices by absorbing about 20% of annual mine supply. The shift away from the U.S. dollar towards gold as a sovereign reserve highlights gold's growing role as a safeguard against geopolitical risks and sanctions.

More News (GLD)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App