Central banks buying more gold after July lull – WGC
Kazakhstan was largest buyer in August; Bank Indonesia reportedly sells 11 tonnes
Central banks increased their net purchases of gold in August following a pause in acquisitions the previous month, according to the latest figures from the World Gold Council (WGC).
Citing statistics from the International Monetary Fund and central banks themselves, the WGC today (October 3) reported that monetary authorities had added a net 15 tonnes of the precious metal to their reserves in August.
The council had previously reported that central banks purchased a net 10 tonnes in July
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