The world’s central banks continued their streak of accumulating gold during the first two months of 2023, according to the latest report from the World Gold Council .
Year-to-date, the world’s central banks made a net purchase of 125 tonnes (137.79 tons) of gold .
“On a year-to-date basis … this is the strongest start to a year back to at least 2010 – when central banks [once again] became net buyers on an annual basis,” wrote World Gold Council Senior Analyst for Europe, the Middle East and Africa Krishan Gopaul. (Related: Demand for gold surges to highest rate in over a decade as world’s central banks continue buying spree .)
In January, central banks grew their gold reserves by 74 tonnes (81.57 tons). In February, global gold reserves increased by another 52 tonnes (57.32 tons). February’s net purchases mark the 11th month in a row of central banks growing their gold […]
Excerpt Sourced From: ourgoldguy.com
