According to the latest data from the World Gold Council, net global central bank gold reserves increased by 200 tons in Q2 2026, a five-year high. Central banks in China, India, Turkey and others continued to increase holdings, strengthening gold's status as a safe-haven asset. Analysts believe that central bank gold purchases provide a solid floor for gold prices. Combined with geopolitical risks and inflation expectations, the medium-to-long-term upward trend for gold and silver is stable.