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Report: Central bank purchases and over-the-counter investment are again driving gold prices stronger
On April 30th, the World Gold Council reported that central banks continued to buy gold aggressively in Quarter 1, driving gold prices to record highs throughout March. Investment over the counter remained substantial and, together with net purchases in derivatives markets, further drove gold prices higher. Central banks' official gold reserves in Quarter 1 rose by a net 290 tonnes. Global gold ETF holdings decreased by 114 tonnes in the quarter. Listed funds in Asia continued to grow, in stark ...
2024-04-30 06:14:44
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