TechFlow News, March 24: According to JIN10 Data, Shaokai Fan, Head of Central Banks at the World Gold Council, stated on Tuesday that gold’s role as a hedge against de-dollarization and geopolitical risks is expected to prompt central banks previously absent from the market to purchase the precious metal this year. He noted that central banks in countries including Guatemala, Indonesia, and Malaysia have begun buying gold in recent months—some re-entering the market after a prolonged hiatus, others purchasing gold for the first time. “Some new central banks—or those that have been inactive or absent from the gold market for an extended period—are now entering the gold market. I believe this trend may continue into 2026.” He added that some central banks are also purchasing gold from domestic small-scale producers to support local industries and prevent such gold from flowing to “informal participants.” He further remarked that central banks had taken advantage of a round of gold selling in October last year to increase their holdings; however, it remains too early to determine whether a similar pattern has emerged amid this month’s price decline.
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