Central banks’ gold buying falls sharply in crisis
New Fed facility might additional scale back incentives to purchase gold, Hungarian official says
Web purchases of gold by central banks fell sharply the world over in January and February, the World Gold Council stated in the present day (April 2).
Gold purchases by central banks decreased by 44% within the first two months of the yr in contrast with January and February 2019. Through the first two months of the yr solely 5 international locations’ central banks purchased a minimum of one tonne.
The Turkish central financial institution purchased 41 tonnes in January and February, and the Financial institution of Russia 19 tonnes. The central banks of the
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