Central banks
Gold rally doubles African reserves as central banks seek dollar alternatives
World Gold brief based on reporting byBusinessday NG
Reported by Businessday NG: “Gold rally doubles African reserves as central banks seek dollar alternatives”. Gold settled at $4,165 an ounce on October 19, 2026 — $133.92 per gram, -0.38% on the day.
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.
- official reserves
- physical demand
- currency confidence
- long-term expectations
- next reserve disclosure
- net purchase volume
- geographic breadth
Methodology and transparency
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.