Central banks’ gold buying falls sharply in crisis
New Fed facility may further reduce incentives to buy gold, Hungarian official says
Net purchases of gold by central banks fell sharply across the world in January and February, the World Gold Council said today (April 2).
Gold purchases by central banks decreased by 44% in the first two months of the year compared with January and February 2019. During the first two months of the year only five countries’ central banks bought at least one tonne.
The Turkish central bank bought 41 tonnes in January and February, and the Bank of Russia 19 tonnes. The central banks of the
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