PANews reported on April 4th that the World Gold Council released its monthly report on central bank gold purchases for February 2026 on April 2nd. The report showed that central banks worldwide made net purchases of 19 tons of gold in February, a significant rebound from 5 tons in January, but still below the 2025 monthly average of 26 tons, highlighting central banks' recognition of gold as a reserve asset. Poland was the main buyer, purchasing 20 tons, bringing its total gold reserves to 570 tons (31%), with a target of increasing its reserves to 700 tons to rank among the top ten globally. China has increased its holdings for 16 consecutive months, accumulating 44 tons of gold purchases from November 2024 to February 2026. The Czech Republic and Uzbekistan also continued to be net buyers, and African central banks also showed a gold-buying trend. Meanwhile, Turkey reduced its holdings by 8 tons in February, and Russia by 6 tons. Turkey continued to significantly reduce its holdings in March, mostly through gold-currency swap operations. In addition, gold prices fluctuated wildly in March and April. In early March, the price once reached $5,410 per ounce, then plummeted by 13.82%. After a rebound in April, it fell back again. Goldman Sachs, UBS and other institutions are still bullish, predicting that gold prices will reach $5,400 per ounce by the end of 2026 and $5,900 per ounce by the beginning of 2027, respectively.