Shocking Gold Hoarders: Central Banks SNAP Their Wallets with 575% Spike!

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Hold onto your hats, folks, because the world’s most disciplined spenders have spilled the gold instead of coffee this month.

According to the World Gold Council, global central banks just dropped 27 tons of glittering bullion, a whopping $4.6 trillion, into their coffers this February.

That’s a wild 575% jump from the modest four tons that felt like a barbell workout in January.

“Just two months into the year, central banks have bought 31t, a pace much slower than the same period last year (50t).”

The shine in the market is at $4,833 per ounce as we speak.

Poland, apparently obsessed with shinier reserves, snagged a lion’s share-about 74% of the total gold haul.

“Central banks bought a net 27t in February, with activity driven by Poland (20t), a marked rebound after a lull in January.

Uzbekistan marched into its fifth straight month of net buying (8t), followed by Kazakhstan (8t), Czech Republic (2t), Malaysia (2t), China (1t) and Cambodia (1t).”

Meanwhile, Turkey and Russia decided to lighten their wardrobes, slashing a combined 14 tons off their balances.

Some African banks are stepping up their game too, expanding their sun‑kissed metal.

“The Bank of Uganda launched its domestic gold‑buying program two years ago, with active buying commencing in March 2026. The bank aims to purchase at least 100kg of gold between March and June this year…”

…Kenya’s central bank Governor Kamau Thugge signaled similar intentions at a news conference in early February, hinting at a continent‑wide gold fever.

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2026-04-17 10:21