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.
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.