Central banks’ gold demand hits record level

Central banks’ gold purchases rose dramatically within the third quarter of 2022, in line with knowledge from the World Gold Council.

Whole gold acquisitions reached virtually 400 tonnes within the final quarter, the WGC stated. This takes whole gold purchases to 673 tonnes thus far in 2022, which already is the best stage of any full yr since 1967.

“That is the biggest single quarter of demand from this sector in our information again to 2000, and virtually double the earlier report of 241 tonnes in Q3 2018,” says

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