Central banks around the world have significantly increased their gold purchases in recent months. The World Gold Council reported that central banks had built up their gold reserves at a record pace in the first two months of the year, collectively purchasing 125 tons of gold. Singapore, Turkey, China, Russia and India made the largest gold purchases in January and February, with Russia providing a gold reserve update for the first time in close to a year.
A recent poll by the World Gold Council has revealed that plenty of central banks won’t be stepping back from gold any time soon. The survey found that…
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