Central banks continue to be positive on gold, with about the same number of central banks expected to buy gold compared with last year, the World Gold Council (WGC) said on June 8. In its ‘2021 Central Bank Gold Reserves (CBGR)’ survey, the council noted that 21% of central banks intended to increase their gold reserves over the next 12 months. Central banks are also increasingly valuing gold’s performance during periods of crisis – with this attribute topping their rationale for holding gold. These results come amid ongoing uncertainty stemming from the Covid-19 pandemic, a situation which has added significant ... (full story)