Central banks buying more gold
Emerging markets led way in sales and purchases for June, according to World Gold Council
Central banks bought more gold in June than during the previous month, with emerging markets continuing to lead the activity.
Research from the World Gold Council showed gross purchases hit 31 tonnes, up from 23 tonnes in May. Net purchases in June amounted to 12 tonnes.
Activity was led by central banks in emerging markets. The Central Bank of Uzbekistan and the Reserve Bank of India (RBI) each added around nine tonnes to their reserves.
The Monetary Authority of Singapore, a developed economy
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