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Central bank gold purchases remained strong through October - World Gold Council

From kitco.com

Central banks have extended their strong summer buying spree well into the fall, adding another 42 tonnes of gold to their official reserves in October, according to the latest report published by Krishan Gopaul, Senior Analyst, EMEA at the World Gold Council (WGC). “Central banks’ gold buying slowed in October but did nothing to alter the overall trend of robust buying that has captured the attention of gold investors,” Gopaul wrote. “Reported global net purchases totalled 42 tonnes (t) during the month, 41% lower than September’s revised total of 72t, but still 23% above the January-September monthly average of ... (full story)

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  • Category: Fundamental Analysis