Central banks buying less gold
Net purchases in August were lowest monthly level since March, says World Gold Council
Central banks accumulated less gold in August than in any of the four previous months, according to data published by the World Gold Council (WGC).
Net purchases fell to 8 tonnes, compared with 37 tonnes in July. This was the lowest monthly net buying total since March, when central banks reported net sales of 2 tonnes. The August figure was also significantly below the net average over the last 12 months of 33 tonnes purchased.
Central banks in emerging markets have accounted for the greatest
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