Central banks become net gold sellers for first time in 10 years
Gross sales by gold producers Turkey and Uzbekistan lead decline in world holdings
Central banks grew to become internet gold sellers within the third quarter of 2020 for the primary time since 2010, the World Gold Council stated in the present day (October 29).
Total, world official holdings declined by 12.1 tonnes, with the Central Financial institution of the Republic of Turkey and the Central Financial institution of the Republic of Uzbekistan main world gross sales. The Turkish central financial institution decreased its gold reserves by 22.3 tonnes, whereas the online gold gross sales of Uzbekistan’s central financial institution reached 34.9 tonnes.
These operations have
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