After a pause in central bank gold buying last year, there are signs of new activity in the space as Hungary tripled its gold reserves. Hungary’s central bank raised its gold reserves to 94.5 metric tons from 31.5 tons, citing “long-term national and economic policy strategy objectives.” This marked one of the most significant central bank gold purchases in decades. The official announcement was made in a press release on Wednesday. “[The central bank] continued the process it started by increasing gold reserves by a factor of ten in 2018. As a result, based on the size of gold reserves, Hungary moved up from the ... (full story)