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.
Key Points:
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)
