Central-bank demand is not an intraday catalyst, but it is one of the cleanest structural arguments for why gold keeps attracting long-horizon capital.
Because the data moves more slowly, it should not be presented like a live driver. What it does provide is strategic context for investors asking whether official demand remains supportive.
That strategic backdrop matters for coin buyers too. Stronger confidence in the macro gold story can keep primary bullion demand healthy, even when day-to-day price action cools.