World Gold Council CEO Highlights Geopolitics and Central Bank Buying Driving Gold Prices

At the Rising Bharat Summit 2026, World Gold Council CEO David Tait highlighted that geopolitical tensions and sustained central bank purchases are key drivers of gold price volatility and support. He noted China's market deregulation and India's growing gold ETF market as factors boosting demand. Additionally, demographic shifts in Japan influence global gold allocations. Tait expects central banks, including India, to continue increasing gold reserves despite potential short-term volatility amid macroeconomic changes.