Central banks’ gold demand hits record level

Paxos

Central banks’ gold purchases rose dramatically in the third quarter of 2022, according to data from the World Gold Council.

Total gold acquisitions reached almost 400 tonnes in the last quarter, the WGC said. This takes total gold purchases to 673 tonnes so far in 2022, which already is the highest level of any full year since 1967.

“This is the largest single quarter of demand from this sector in our records back to 2000, and almost double the previous record of 241 tonnes in Q3 2018,” says

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