Central Banks Double Down On Gold Buying ...Middle East

OILPRICE - Economy
Central Banks Double Down On Gold Buying
source : OILPRICE ( Middle East ) () 29
There’s no sign of a slowdown in central bank gold buying. In February, central bank gold reserves rose by another 52 tons, according to the latest data compiled by the World Gold Council. It was the 11th straight month of central bank net gold purchases. Through the first two months of 2023, net central bank gold purchases came in at 125 tons. This is the strongest start to a year since 2010. China was the biggest buyer in February. The Peoples Bank of China increased gold holdings by a reported 24.9 tons. It was the fourth consecutive…

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