According to @KobeissiLetter, global central banks bought 53 tonnes of gold in October, the highest monthly total since November 2024, a 194 percent jump versus July, and the third straight month of acceleration. Source: The Kobeissi Letter on X, December 4, 2025. Central bank net buying has been a key pillar of gold demand in recent years, which World Gold Council research identifies as an important driver of price resilience when official sector flows remain strong, a dynamic traders monitor alongside real yields and the dollar. Source: World Gold Council Gold Demand Trends 2022 to 2024 and Gold and US rates research. For crypto positioning, BTC has shown episodes of positive short term correlation with gold during macro stress, which Kaiko Research documented in 2023 to 2024, so traders often watch official sector gold flows as a macro hedge signal when sizing BTC exposure. Source: Kaiko Research Market Updates 2023 to 2024.