Central bank gold purchases up in February
Emerging markets lead accumulation of precious metal
Net buying of gold by central banks increased in February, according to data published on April 3 by the World Gold Council (WGC).
Central banks amassed 24 tonnes of the precious metal that month, six tonnes more than net buying in January.
Emerging markets continue to lead the purchase of gold, with the National Bank of Poland augmenting its reserves by 29 tonnes in February, its 11th consecutive month of net buying. Gold accounts for 20% of its total reserves, at 480 tonnes.
The People’s Bank of
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