Central Banks Bought 289 Tonnes of Gold Last Quarter. Prices Were Falling the Whole Time.
Reported by GoldSilver: “Central Banks Bought 289 Tonnes of Gold Last Quarter. Prices Were Falling the Whole Time.”. Gold settled at $4,107 an ounce on July 31, 2026 — $132.04 per gram, +0.17% on the day. The headline carries a figure: 289 Tonnes — quoted as published, not independently verified.
Official-sector buying or selling changes physical demand and long-term market expectations. Persistent purchases can support the market, but do not guarantee an immediate price increase. The COMEX settlement that session moved +0.17%, so the headline and the close diverge. The usual reason: an intraday move, a different currency, or a different horizon. Thirty sessions later gold traded at $4,352 an ounce, +5.96% versus the date of the report. That is an observation about the market, not a consequence of one headline.
- official reserves
- physical demand
- currency confidence
- long-term expectations
- next reserve disclosure
- net purchase volume
- geographic breadth
- official confirmation of 289 Tonnes
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.