Central Banks Buy 220 Tons in Q3 (+28% Quarterly); Brazil Returns to Market After 4 Years – Structural Thesis Strengthens

[Igor Pereira]

Good morning, traders and members Premium.

We have just received official data on the purchase of gold by the global central banks in the third quarter of 2025, and the figures are strong. They not only confirm our long-term thesis, but show that the trend is accelerating.

By Igor Pereira, Financial Market Analyst, Junior Member WallStreet NYSE

Forget the daily noise of the price of paper; the sovereign "smart money", those who control the currency printers, are exchanging their own product for the only real money: Gold.

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1. The Numbers That Speak for You: Demand Acceleration

The World Gold Council reports:

• Q3 2025: Global net purchases jumped to 220 tonnes.

• Annual Growth (YoY): An increase in +10% for the same period last year.

• Quarterly Growth (QoQ): A massive increase in +28% for the previous quarter.

• Above Average: This volume is 6% above the quarterly average of the last 5 years, indicating an intensification of demand.

• Accumulated 2025: So far this year, the central banks have already added +634 tonnes gold to your reserves.

My Analysis (Igor Pereira): This quarterly increase of 28% is the most important figure. He signals a increasing urgency among global reserve managers to protect themselves against systemic risks (US debt, geopolitics, inflation). They're taking advantage of any dip in the price to accumulate more physical metal.

2. Buyers: Trend is Global

It is not just the usual suspects (China, Russia) who are buying.

• The Leader: O Kazakhstan was the largest buyer of the quarter, demonstrating the strength of demand in Central Asia.

• The Return of Brazil: A crucial highlight is the Brazil, which added gold to its reserves by first time since 2021.

My Analysis: The return of buyers like Brazil is significant. It shows that the need for diversification and protection is spreading to emerging economies outside the traditional anti-West geopolitical axis. When countries that have spent years without buying return to the market, it is a sign that the perception of global risk has changed.

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Conclusion of Igor Pereira: The Thesis Is Unbeatable

These 2025 Q3 data provide the ultimate fundamental support for our high structural vision of Gold (XAU/USD).

The physical gold market is being drained by the most powerful entities on the planet. With each ton that central banks buy and remove from the market to their strategic coffers, the physical shortage increases.

The message is clear: the world is in a process of gold remodeling. The price of paper will eventually have to reflect this new reality. Hold your positions. We are on the right side of monetary history.

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