Central banks ‘buying more gold’
Institutions will continue to increase purchases, World Gold Council says
Central banks accumulated more than twice as much gold in July as they did in June, according to the World Gold Council (WGC).
Net purchases hit 37 tonnes in July, up from 12 tonnes in June – a 206% increase. Based on data gathered from the International Monetary Fund (IMF) and other sources, the WGC said this was the highest monthly total since the 45 tonnes recorded in January.
The National Bank of Poland was the largest buyer in July, when it purchased 14 tonnes to bring its total holdings to
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