Are central banks really selling gold?

Investing News highlights a WGC-backed rebuttal to talk of central bank gold selling: according to Joe Cavatoni, central banks remained net buyers in Q1 despite headline noise. The key takeaway for gold traders is that official-sector demand has not flipped negative, keeping a structural bid under bullion even as the market continues to debate reserve diversification trends. The item does not provide detailed tonnage, country-level breakdowns, or price action, but it clearly frames central bank accumulation as ongoing rather than a liquidation story. That matters for positioning because central-bank buying remains one of the strongest long-duration demand pillars for gold and helps counter periodic corrections driven by ETF or speculative flows. Near term, the setup stays supportive for gold on any pullback unless there is evidence of sustained official-sector selling, which this clip says is not the case. Traders will want confirmation from the next batch of WGC data and any country-specific reserve reports for whether Q2 continues the same pattern.