Summary from Kitco News
(Kitco News) – Central banks maintained the strong monthly pace of gold allocation to their reserves in August, with the Chinese, Uzbek and Polish central banks leading all sovereign buyers, while other banks repatriated or transferred their sovereign bullion to new vaults, according to Marissa Salim, Senior Research Lead, APAC at the World Gold Council (WGC).“Global central banks remain on pace with gold accumulation this August, with reported net buying…
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.
Read the full analysis at Kitco News →
Headline and summary via Kitco News. The Sovereign Index curates and links to the original publisher; all rights remain with the source.