Central Banks Extend Gold Buying Streak
Watch: Watch if central bank buying persists through tariff cycles and if retail options volume correlates with price consolidation or breakout.
Full analysis
Central banks purchased 19 tonnes of gold in February 2026, marking 23 consecutive months of buying and bringing year-to-date purchases to 25 tonnes. The National Bank of Poland led with 20 tonnes, lifting its reserves to 570 tonnes or 31% of its foreign reserves. China added 1 tonne, totaling 2,308 tonnes, while Turkey and Russia sold 8 and 6 tonnes respectively, reflecting geopolitical tensions. A retail trader shared a low-risk PUT vertical spread strategy targeting GLD using $10M buying power.
Sustained central bank gold buying combined with retail option strategies signals growing institutional and retail interest that may support GLD's uptrend amid inflation and geopolitical worries.
Evidence
7 older signals
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