GoldLockTreasuryGold-backed research desk

Tuesday 18 August 2026

Kampala Bureau

ISSN 2960-4471

Vol. VI

Tuesday 18 August 2026Kampala Bureau · ISSN 2960-4471Vol. VI

Tomas Lindqvist

Reserves Analyst, Official Sector

Tomas analyses central bank reserve management and sovereign wealth allocation, and tracks how official-sector purchases are reported, settled and reconciled against customs and trade data.

Articles by Tomas Lindqvist

01Official sector · 10 August 2026Central bank buying and the reporting lag problemSovereign purchases show up in the data months after the metal moves. That gap is now large enough to distort how the market reads demand.
02Illicit flows · 29 July 2026Gold trade data still fails to reconcileMirror statistics between producing and importing states diverge by billions each year. The gap is a policy failure, not a rounding error.
03Official sector · 25 July 2026Sovereign funds add gold and rewrite mandatesMandate changes are a slower and better signal than flow data. Several large funds have widened their hard-asset bands this year.