Geopolitics drive continued central bank gold buying – WGC
Institutions expect global holdings to rise, though most say they do not plan to buy more themselves
Central banks have told the World Gold Council (WGC) that fluctuating monetary policies and increased geopolitical tensions are the key reasons for their increased purchases of gold over the past year.
The WGC published its annual central bank gold reserves survey today (June 16). Of the 74 institutions that responded, 57 were from emerging market or developing economies. The remaining 17 were from advanced economies.
There was a 6 percentage point decline in the share of institutions expecting
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