Central Banks Set Record Gold Purchases: 244 Tons in Q1

According to data released by the World Gold Council, central banks purchased a net 244 tons of gold in the first quarter of the year. This figure indicates that demand reached a record level despite the rise in gold prices. Central bank gold purchases are seen as a reflection of the search for safe havens amid global economic uncertainties and geopolitical risks. Central banks, particularly in emerging economies, are turning to gold as part of their reserve diversification strategies. While the rise in gold prices keeps investor interest alive, central bank purchases stand out as a supportive factor in the market. Experts suggest that if this trend continues, gold prices could move even higher. This is not investment advice.

📊 GLD — Piyasa Yorumu

▲ up · 60%

Central banks' record-level gold purchases are creating a strong fundamental demand signal for GLD. However, technical indicators are mixed: the RSI is neutral at 47, the MACD is below zero, and the price is trading below both the 20-day and 50-day moving averages. The 1.14% decline over the past 24 hours points to short-term pressure. While the news is positive, the weakness in the technical picture may limit upside potential.

RSI 14

47.1

MACD

-1.60

24h Δ

-1.14%

📊 GOLD — Piyasa Yorumu

▲ up · 60%

The news confirms strong demand for gold from central banks, providing a positive fundamental backdrop for GOLD. However, technical indicators are weak: the price is below both the 20-day and 50-day moving averages, and the RSI at 32 is near oversold territory. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The 7.9% decline over the past 24 hours points to intense selling pressure. A potential recovery driven by the supportive news may occur, but given the weak technical structure, any upside is at risk of being limited.

RSI 14

32.4

MACD

-0.75

24h Δ

-7.92%

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