Central Bank Domestic ASGM Purchase Programmes
Gold has been at the heart of central banking for centuries. Once an official currency, it has become a cornerstone of modern reserve management. Emerging market central banks have been particularly active purchasers in recent years, and have occasionally acquired gold from local artisanal and small-scale producers.
Central and Eastern European central banks significantly expand their gold reserves
Last month Hungary tripled its gold reserves. The decision by the National Bank of Hungary (Magyar Nemzeti Bank, MNB) to increase its gold reserves to 94.5 tonnes, a historic high, follows a 10-fold increase in Hungary’s gold holdings in the last quarter of 2018.
Central bank demand remained muted in February
Central banks begin 2021 with net sales in January
Central banks return to net sales in November
Central banks resume gold buying in October
Following two consecutive months of net sales, central banks resumed buying in October: global official gold reserves rose by 22.8t on a net basis.
Tracking and tracing central bank demand in August
Understanding the gold lending market
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