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Source:
مصراوي
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Central Banks Buy Gold
Central banks bought around 321.2 tonnes of gold in the third quarter of 2026, up 42% year on year. This provides structural support for prices over the long term as they seek to diversify their reserves. But these purchases do not prevent short-term pullbacks: expectations of U.S. interest-rate hikes, a stronger dollar, and rising energy prices could limit gold’s gains. Over the week, gold rose 4.90% globally, while Egypt’s 21-karat gold increased by just 0.73%, as the dollar’s decline against the Egyptian pound limited the pass-through of global gains to the local market.
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