Central Banks Add Nearly 20 Tonnes of Gold: Upway Global Highlights 3 Key Gold Market Variables
The central bank has added to its gold reserves again. In August, gold holdings increased by around 650,000 troy ounces, or nearly 20 tonnes, marking the 22nd consecutive month of gold purchases.
Why are central banks continuing to buy gold? And does this suggest that gold’s long-term support level is being reset higher?
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