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Central Banks Stockpiled More Gold in May
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Central Banks Stockpiled More Gold in May
Central Banks Stockpiled More Gold in May WGC analysts expect the trend to continue, with buying “close to the range seen over the past three years on continued elevated trade-related risks and uncertainty premia in U.S. assets.” Mike Maharrey Fri, 07/04/2025
World central banks bought an additional 20 tons of gold in May, as the conflict broke out in the Middle East, announced on Wednesday 2 July.
Central Banks Stockpiled More Gold in May | Headline USA
(Mike Maharrey, Money Metals News Service) The pace of central bank gold buying picked up slightly in May. Globally, central banks officially added a net 20 tonnes of gold to their reserves in May, according to the latest data compiled by the World Gold Council. This compares to 14 tonnes in April. While the pace of gold buying picked up, it remained slightly below the 12-month average of 27 tonnes. Gold touched a record high of $3,500 an ounce …
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