Happy new year to you all.
While the entire world is looking forward (for the most part) to what is in store for 2020, we are still busy working on assessing how gold demand ended in 2019. Part of this involves updating our central bank gold reserves data set to end-November, which we have published today.
In November, central banks reported adding 27.9 tonnes – on a net basis – to global official gold reserves, 43% lower than October’s increase. On a year-to-date basis, this brings cumulative net purchases to 570.2t, 11% higher the same period in 2018 (515.2t).1