Central banks buy gold at fastest pace in two years – WGC
PBoC and National Bank of Poland added 104 tonnes in Q3
Central banks in the third quarter stepped up gold purchases to their fastest pace since late 2024, despite the potential headwinds to demand caused by rising interest rates and inflation.
In a report published on November 3, the World Gold Council (WGC) said central banks and other institutions had bought a net 321 tonnes of gold between July and September – a 46% rise compared with the same period last year. The industry body added that after a subdued start to the year, year-to-date purchases
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