After adding a historically high amount of gold to reserves in the third quarter, central banks kicked off Q4 buying more gold. According to data compiled by the World Gold Council, central banks globally added another 31 tons of gold to official reserves in October. Total central bank gold holdings are now at the highest level since 1974. The Central Bank of the UAE was the largest gold buyer in October. It added just over 9 tons to its gold reserves. So far this year, the UAE has increased its reserves by 18 tons. Turkey also bought roughly…
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