Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks remained net sellers in May but picture improves
Global central banks reported net sales of 27t in May, less than half the net sales seen in April. Excluding Türkiye’s sales, the trend in central bank buying is still in place.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank demand flipped negative in April amid Turkish selling
Central bank gold reserves declined by 71 tonnes in April, primarily due to Turkish selling. Despite this, we expect central banks to remain net buyers in 2023, supported by their overall positive sentiment towards gold reserves.
Gold in Islamic finance
Quick summary of some recent consumer research of retail investors across Turkey, Saudi Arabia, United Arab Emirates and Malaysia