Global Central Banks Slowed Gold Purchases in February - WGC
The latest data from the World Gold Council (WGC) showed that the global central banks, barring the Chinese and Russian, slowed their gold purchases in February.
Combined global central banks’ gold purchases were up 25 tons in Feb against a 41 ton purchase in January.
China and Russia were the exceptions, who added 10 and 11 tons of the precious metal to their holdings, respectively, after a sharp run-up in purchases over the last ten years.
Turkey reduced gold reserves by 37 tons in February
(Market News Provided by FXstreet)