Summary from European Central Bank
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Why it matters
Central banks are among the largest buyers of gold. Changes in reserve policy, interest rates or balance sheets can shift demand for bullion and for the currencies it is priced in.
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Headline and summary via European Central Bank. The Sovereign Index curates and links to the original publisher; all rights remain with the source.