Increasing global gold demand
Requests for gold increased during the first half of 2026 by 2%, reaching 2,522 tons valued at approximately $380 billion, amid escalating geopolitical tensions, most notably the escalation between the United States and Iran. This has strengthened gold's position as a safe haven and hedge against instability. Central banks have played a significant role in increasing their gold reserves, adding 289 tons—a growth rate of 62% compared to the same period last year—with 45% of banks intending to further increase their holdings in the coming year. Although investment in funds and bars declined to 262 tons, forecasts expect the investment sector to regain leadership in demand, reaching 966 tons in the second half of 2026. Gold is experiencing monthly gains, trading above $4,050 per ounce, marking its first monthly increase in five months of over 1%, despite a roughly 10% decline since the beginning of the year.
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