Reserve Diversification

Central banks sharply increased gold purchases in May, while silver continues to benefit from persistent supply deficits and rising industrial demand. FXCOINZ examines why some market participants view the pullback as a potential reset within a broader precious metals bull market.

Central bank gold buying accelerated sharply in May, reinforcing the view that official-sector demand is absorbing the latest pullback. With Poland and China adding aggressively, market participants are watching whether gold is setting up for a fresh year-end advance.