
Central banks built up gold reserves in 2017

Central banks continued building up their gold reserves in 2017, with the majority of the purchases concentrated in Russia and Turkey, according to the World Gold Council.
The latest edition of the industry body’s Gold Demand Trends shows central bank net purchases totalled some 371 tonnes in 2017, 5% lower than the previous year but still the eighth consecutive year of net increases. Gold is currently trading at around $43 million a tonne, up from around $37 million at the start of 2017.
The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]