Newsfeed: Central Banks Double Down On Gold Buying
There’s no sign of a slowdown in central bank gold buying. In February, central bank gold reserves rose by another 52 tons …
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Newsfeed: Central Banks Are Buying Gold At The Fastest Pace In 55 Years
Central banks globally have been accumulating gold reserves at a furious pace last seen 55 years ago when the U.S. dollar was still backed by gold. According to the World Gold Council (WGC) central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, with global demand for the precious metal back to pre-pandemic levels.
Newsfeed: Central Banks Are Stocking Up On Gold
Central banks globally added to their net gold holdings for the fifth consecutive month in August, according to the latest data released by the World Gold Council.