Home›ETFs & Funds›ETFs›Central banks’ gold buying helps fuel the gold rally

Central banks’ gold buying helps fuel the gold rally

An ETF focused on gold miners, the Sprott Gold Miners ETF, saw its NAV rise 32.7% over the month ended August 31, 2026.

Reported · Written up by our desk · ETFs

ETF Trends says central banks are a key structural driver behind the recent gold rally, citing their growing gold reserves and an expectation that buying could continue into upcoming months.

The outlet links that central bank demand to golds historical role as an inflation hedge, its use as a broadly accepted store of value and payment among central banks during geopolitical shocks, and its tendency to perform when the U.S. dollar declines.

ETF Trends also points to a potential flow-through to targeted products, noting the Sprott Gold Miners ETF (SGDM) holds larger gold companies listed on U.S. and Canadian exchanges.

The article attributes recent strength in the group to the rally, saying SGDMs NAV surged 32.7% over the month ending August 31, 2026.

Latest closeGold $4,431.70 ▲1.9%

More like this

Sources