There’s No Sign Of A Slowdown In Central Bank Gold Buying | Chart Of The Week
Sources: World Gold Council, YCharts, BMG Group Inc.
According to the WGC, the net central bank gold buying, is to continue through 2023, due to emerging market banks remaining relatively under-allocated to gold.
In February, central bank gold reserves rose by another 52 tons. It was the 11th straight month of central bank net gold purchases.