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POSTED ON November 19, 2019  - POSTED IN Key Gold Headlines

Seeking financial and economic safety and stability, Serbia has joined the global central bank gold-buying spree.

National Bank of Serbia Governor Jorgovanka Tabakovic recently announced that the bank purchased nine tons of gold in October, raising the country’s reserves to just over 30 tons.

POSTED ON November 6, 2019  - POSTED IN Key Gold Headlines

Gold demand was up 3% in the third quarter, coming in at 1,107. 9 tons, according to the Gold Demand Trends Q3 2019 report put out by the World Gold Council.

Record inflows of gold into ETFs overcame weakness in the jewelry, and gold bar and coin markets to push overall demand higher.

Gold mine output dropped slightly, but a surge in recycling drove a modest gain in supply.

POSTED ON November 6, 2019  - POSTED IN Key Gold Headlines

The central bank gold-buying spree shows no sign of letting up as countries seek to diversify their reserves away from the US dollar.

Globally, central banks added another net 47.5 tons of gold to their reserves in September, according to the latest data from the World Gold Council.

There were no significant gold sales by central banks in September.

POSTED ON September 9, 2019  - POSTED IN Key Gold Headlines

China added another 5.91 tons of gold to its reserves in August, bringing its total official gold purchases on the year to almost 100 tons, according to data released by the People’s Bank of China over the weekend.

It was the ninth straight month of gold purchases for China as it continues efforts to diversify reserves away from the US dollar.

POSTED ON July 31, 2019  - POSTED IN Key Gold Headlines

Central banks continued to buy gold in June according to the latest data released by the World Gold Council.

Globally, central banks added a net 126.5 tons of gold to their reserves last month, led by the announcement of a 94.9 increase in Polish gold reserves. That brings total reported central bank gold purchases on the year to approximately 378 net tons.

POSTED ON July 10, 2019  - POSTED IN Key Gold Headlines

Poland has added 100 tons of gold to its reserves through the first half of this year and plans to move at least half of its hoard from England to National Bank of Poland vaults in Warsaw.

We’ve reported extensively on gold purchases by central banks, particularly China and Russia as those countries seek to diversify reserves and decrease their exposure to the US dollar. Just this week, China announced that it added another 10.3 tons of gold to its reserves in June. While many of the countries most aggressively buying gold have contentious relationships with the US, we’re seeing a growing number of “friendly” nations increasing their reserves as well.

POSTED ON July 9, 2019  - POSTED IN Key Gold Headlines

For the seventh straight month, China added a significant amount of gold to its official reserves.

The People’s Bank of China’s gold hoard grew another 10.3 tons in June, according to information released by the bank. Over the last seven months, the Chinese have increased their gold reserves by just over 84 tons.

POSTED ON June 11, 2019  - POSTED IN Key Gold Headlines

China added to its official gold reserves for the sixth straight month in May as it continues efforts to minimize exposure to the dollar.

The People’s Bank of China increased its gold reserves by another 15.86 tons last month, according to data released by the bank on Monday. That raises the official Chinese gold reserves to 61.61 million ounces (1925.26 tons).

POSTED ON May 7, 2019  - POSTED IN Key Gold Headlines

China added gold to its reserves for the fifth straight month in April and is buying gold at an accelerating pace.

According to the latest numbers released by the People’s Bank of China, the central bank added 14.9 tons of gold to its hoard in April. That raises total official Chinese gold reserves to 1909.4 tons or 61.1 million ounces.

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