Published: 2018.11.10. Central banks buy gold for reserves

Central banks buy gold for reserves - Preview

Since 2011, the price of gold is in a downtrend. But now we can observe how Central Banks are again showing an active interest in the yellow precious metal. This suggests that its importance in the future will grow.

According to the report of the World Gold Council (WGC), in Q3 2018, global demand for gold increased by 0.6% or 6.2 tons to 964.3 tons. A significant contribution to the growth in demand was made by purchases of yellow precious metal Central banks of some countries of the world.