Central banks remained net gold buyers in Q1
Central banks remained internet gold consumers within the first quarter of 2021, in response to knowledge printed by the World Gold Council on April 29.
Total, central financial institution reserve managers boosted their holdings by 95.5 tonnes, the WGC mentioned. That is down 23% from the 124.1 tonnes internet purchases by central banks recorded within the first quarter of 2020. The WGC forecasts central banks will likely be internet purchasers for the entire of 2021.
“Internet gross sales in January had been outweighed by internet purchases in each February and March,”
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