Central banks remained net gold buyers in Q1

Paxos

Central banks remained net gold buyers in the first quarter of 2021, according to data published by the World Gold Council on April 29.

Overall, central bank reserve managers boosted their holdings by 95.5 tonnes, the WGC said. This is down 23% from the 124.1 tonnes net purchases by central banks recorded in the first quarter of 2020. The WGC forecasts central banks will be net purchasers for the whole of 2021.

“Net sales in January were outweighed by net purchases in both February and March,”

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