Gold investors are buying into declining prices: Brooke Thackray

BNN Bloomberg · Brooke Thackray · 2026-11-06 10:00 UTC

The price of gold has declined 25 per cent since hitting its all-time-high of US$5,417 on Jan. 28, 2026. In the background, there has been increasing buying support from central banks, institutions and retail investors.

The price of gold has declined 25 per cent since hitting its all-time-high of US$5,417 on Jan. 28, 2026. In the background, there has been increasing buying support from central banks, institutions and retail investors.

Although the price of gold has not substantially recovered from its October low, gold is poised to move higher in the not-so-distant future.

Central banks have been net purchasers of gold since 2010 and have sharply increased their purchases since 2022, increasing their net purchases to over 800 tonnes yearly. Purchases in 2026 are set to once again come in at over 800 tonnes, with year-to-date purchases through the third quarter registering over 600 tonnes.

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