What Gainesville Coins suggests Central Bank gold buying can show us
Central banks have engaged in notable amounts of gold purchasing in recent years.
In 2022, their buying level reached its highest point since 1950, with banks ultimately obtaining 152% more gold than in 2021. In 2023, the “breakneck pace” of central bank buying resulted in the second-largest amount of annual gold purchases on record, according to the World Gold Council.
Its quarterly data showed that buying continued in the first quarter of 2024; 10 central banks that possessed...
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