First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/08/20/slowing-official-sector-gold-purchases-a-new-level-or-a-temporary-dip-003396
<p><img src='https://www.moneymetals.com/uploads/content/Slowing-official-sector-gold-purchases---a-new-level-or-a-temporary-dip_--1--min.jpg'/></p>Significantly higher purchases from the official sector at times provided essential support to gold prices over 2022-23 when aggressive interest rate hikes undermined professional investor interest in gold.
<p><img src='https://www.moneymetals.com/uploads/content/Slowing-official-sector-gold-purchases---a-new-level-or-a-temporary-dip_--1--min.jpg'/></p>Significantly higher purchases from the official sector at times provided essential support to gold prices over 2022-23 when aggressive interest rate hikes undermined professional investor interest in gold.