Gold Report: Central Bank Buying Slows, Uzbekistan's Reserves Reach 399 Tonnes; Next 15 Days Critical
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Gold Report: Central Banks' Buying Slows in Jan; Uzbekistan Leads, Russia Sells. Next 15 Days Crucial.
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CNBC Awaaz•04-03-2026, 16:03
Gold Report: Central Banks' Buying Slows in Jan; Uzbekistan Leads, Russia Sells. Next 15 Days Crucial.
•World Gold Council report indicates central bank net gold purchases slowed to 5 tonnes in January, below the 27-tonne average.
•Uzbekistan's Central Bank acquired 9 tonnes, boosting its gold reserves to 399 tonnes, now 86% of total reserves by January 2026.
•Bank Negara Malaysia bought 3 tonnes (first since 2018); Czech Republic and Indonesia each purchased 2 tonnes; China and Serbia acquired 1 tonne each.
•Bank of Russia was the largest net seller, offloading 9 tonnes; Bulgaria transferred 2 tonnes to ECB for its Euro adoption process.
•The next 10-15 days are crucial due to rising US-Iran tensions; central bank gold accumulation is expected to continue beyond 2026.
