Central Banks Buying Gold at Buying

Central Banks Buying Gold. Central banks still buying gold. Why do central banks keep buying?

This has led to massive central bank buying of gold, and that trend appears set to continue in 2021. Central banks may be regaining their appetite for buying gold after staying on the sidelines for the past year. The world gold council estimates that 120 tonnes of gold were added to global central bank reserves in the first quarter of this year and that’s a whole lot more than they used to buy.

The 'Buying and Selling of Money for Time' Foreign

12% more than in 2018. Gold plays an important part in central banks’ reserves management, and they are significant holders of gold. Schedule a strategy call here: They accumulated 69 tonnes of the yellow precious metal for their reserves.