Central Banks Continue Gold Buying Spree ...Middle East

OILPRICE - Economy
Central Banks Continue Gold Buying Spree
source : OILPRICE ( Middle East ) () 53
After charting the highest level of net gold purchases on record in 2022, central banks started out 2023 right where they left off. Central banks globally added another net 77 tons to their gold reserves in January, according to the latest data compiled by the World Gold Council. It was a 192% month-on-month increase from December and above the 20-60 ton range of reported purchases we’ve seen over the last 10 consecutive months of net buying. A late report of a 45-ton gold purchase by Singapore in January bumped the numbers up from the initially…

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