Central Banks Buy 27 Tonnes, B2Gold Boosted by $5,400/Oz Forecast
Central banks acquired 27 tonnes of gold in February 2026 as mine output rose just 1%, intensifying a supply crunch that drove gold deal values to a 15-year high. Analysts now forecast $4,700–$5,200 per ounce and Goldman Sachs projects $5,400, boosting demand for companies like B2Gold.
1. Accelerating Supply Crunch
Central banks acquired 27 tonnes of physical gold in February 2026 while global mine output increased only 1%, creating a widening supply deficit and driving gold deal values to a 15-year high.
2. Bullish Price Projections
Analysts now forecast gold trading between $4,700 and $5,200 per ounce for 2026, and Goldman Sachs raised its year-end target to $5,400 as ETF inflows and wealthy buyers intensify market demand.
3. Impact on B2Gold
Institutional capital is shifting toward reserve replacement players, positioning B2Gold to benefit from elevated gold prices, heightened deal activity and improved valuation prospects in a tightening market.