Gold Focus: Items tagged with "central bank gold"

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Krishan Gopaul
Market Intelligence Group
World Gold Council

Central bank demand remains healthy but showing signs of slowing

Our latest central bank data is now available on Goldhub and makes for interesting reading. Looking at the latest statistics on gold, monthly increases (of a tonne or greater) in gold reserves have begun to ease over the past three months. In October, reported net purchases totalled a healthy 41.8t, but this was 16% lower than September (49.6t), which itself was 16% lower than August (59t).
Krishan Gopaul
Market Intelligence Group
World Gold Council

No summer holiday for central bank demand

Over the past 18 months, central banks have had a voracious appetite for gold. Alongside the impressive AUM growth in gold-backed ETFs, this has been one of the most prominent stories in the gold market. As we noted in the most recent edition of Gold Demand Trends, in H1 2019 central bank demand hit the highest level since becoming net buyers in 2010.