The World Gold Council (WGC) reported on March 2 that central bank demand for gold picked up from where it left off in 2022. According to the WGC, there had been an addition of 31 tonnes to the [.]
Gold prices vaulted to their highest in eight months on Jan. 17 before settling at the $1,900 level. This followed the U.S. dollar tumbling and inflation slowing down, raising hopes of lower [.]
Last month, a "mystery" buyer took ownership of 300 tons of gold in a single purchase, which is roughly three quarters the amount of the record-high central bank purchase of 399 tons. [.]
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