Central Bank Gold Buying

Central banks internationally continue to diversify their foreign exchange reserves into gold bullion due to concerns about fiat currencies – including the dollar and especially the euro.

Central banks added 456.4 tons last year, the most in almost five decades, and will buy as much as 400 tons this year, the London-based World Gold Council estimates....

 

IMF data shows that central banks were again net buyers in April with Turkey and Philippines being the largest buyers of gold.

                                          ...........................  GoldCore, Zero Hedge