Global gold demand remained stable in the second quarter of 2026, defying a retreat in prices from their record peaks.
Total purchases held steady at 1,268.9 metric tonnes, matching the year-ago period and signaling that the structural support for the metal remains intact despite short-term volatility.
The resilience was driven primarily by sustained accumulation by central banks and private investors, which successfully offset weaker flows into gold-backed exchange-traded funds and a softening in jewellery demand.
This balance of flows suggests that the recent price correction has not dampened the core institutional appetite for the asset.
Gold prices have since stabilized near two-week highs, buoyed by a cooling outlook for US interest rates following a weaker-than-expected jobs report last week.
The market is interpreting the steady demand data as confirmation that the metal’s safe-haven status and monetary policy hedge remain robust.