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CommoditiesHigh Impact•23 February 2026•

1 min read

Gold and Silver Rally as Central Bank Buying Hits 1,000 Tonnes Amid Weaker Dollar

World map with commodities like oil, gold, coffee, wheat, and metals, overlaid with an upward green arrow and financial charts.

Key Facts

1Central banks purchased 1,000 tonnes of gold, leading to a significant surge in demand.

2A weaker US Dollar contributed to fueling the rally in Gold (XAUUSD) and Silver (XAG).

Gold and silver prices are experiencing a significant rally, driven by massive accumulation from institutional players and central banks. Recent data indicates that central banks have purchased approximately 1,000 tonnes of gold, significantly boosting physical demand and market sentiment. This surge in interest coincides with a weakening US Dollar, which has provided additional tailwinds for both XAU/USD and XAG/USD. Analysts suggest that the combination of heavy institutional buying and favorable macroeconomic conditions supports a strong bullish outlook for precious metals. The decline in the DXY index has made these assets more attractive, fueling the current price breakout. Market participants are now closely monitoring whether this momentum can be sustained in the long term.