Key facts
- The World Gold Council said central bank gold purchases in the third quarter ran at the fastest pace since the end of 2024.
- The report said gold faced pressure from higher oil prices and interest rates during the quarter.
Central banks bought gold at the fastest pace since the end of 2024 in the third quarter, the World Gold Council said. The buying came as the metal faced pressure from higher oil prices and interest rates, according to the report.
The material available did not state a tonnage figure for third-quarter purchases or name the central banks that bought. The World Gold Council is the industry body that compiles quarterly gold demand data.