World Gold Council CEO for the Americas interprets the new logic of gold prices in 2026: Geopolitical risks have become the primary factor, with global central banks making net purchases for 16 consecutive years. A "structural change" is taking place.

Juan Carlos Artigas, CEO of the Americas region of the World Gold Council and global head of research, said in an interview with reporters that increasing risks and uncertainties are the main factors affecting the valuation of gold. In addition, central banks around the world have been net buyers of gold for 16 consecutive years, with great potential for gold purchases by emerging market central banks. Gold is currently undergoing a "structural shift" driven by both central bank demand for gold and risk aversion sentiment.