Central banks accelerate gold purchases in 2018

Paxos

Central banks added a net amount of 193.3 tonnes of gold to their reserves in the first six months of this year – an 8% increase on the same period of 2017, according to the World Gold Council’s latest market update.

“The current strength of central bank buying, which seems to be accelerating, is certainly a big positive for the gold market,” Natalie Dempster, managing director of central banks and public policy at the WGC, tells Central Banking.

The greatest increase in demand has been in

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