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Central Banks’ Gold Reserves: Increasing Purchases in 2023

Written by Islam Saeed Saturday, November 4, 2023 02:00 AM Continue Central banksIt has supported its gold reserves since the beginning of the year, as data revealed World Gold Council Purchasing gold continued significantly in the first 9 months of 2023, and in the following context we monitor the most important information about central banks’ purchases of gold.

– Declared gold reserves in global central banks rose by a net 77 tons of gold during the month of September 2023.

Total central bank sales during September 2033 recorded only one ton.

The central banks most interested in gold in September were from emerging markets.

The Chinese Central Bank bought the largest amount of gold at 26 tons, followed by the Polish Central Bank and the Uzbek Bank.

Turkey and India were also buyers in September. This comes after Turkey purchased 15 tons of gold

Central banks’ net purchases of gold since the beginning of the year until now amount to 14% compared to the same period in 2022.

2023-11-04 00:00:00
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