Central banks purchasing less gold, says WGC
July figures show a slowdown in net purchases of the precious metal
The purchases of gold by central banks moderated in July, but the institutions remain net buyers of the precious metal, according to the World Gold Council (WGC).
In its latest statistics, published today (September 3), the WGC says central banks bought 10 tonnes net of gold in July, compared with 22 tonnes in June. This tapering in purchases partly reflects the rise in the price of gold, which has gradually increased from around $2,600 a troy ounce at the start of the year to around $3,500 a
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