First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/01/24/central-banks-turn-to-gold-as-losses-mount-002666
In 2022, central banks will have purchased the largest amount of gold in recent history. According to the World Gold Council, central bank purchases of gold have reached a level not seen since 1967. Why are global central banks adding gold to their reserves? There may be different factors.