Central Banks Are Stocking Up On Gold ...Middle East

OILPRICE - Economy
Central Banks Are Stocking Up On Gold
source : OILPRICE ( Middle East ) () 20
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. On net, central banks added 20 more tons of gold to their reserves. Three banks drove buying in August and there were no notable sellers. So far this year, central banks have added over 300 tons of gold to their goldings. Turkey was the biggest buyer in August and has added more gold than any other country in 2022 to date. With its 8.9-ton purchase in August, Turkey has increased its…

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