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POSTED ON November 2, 2022  - POSTED IN Key Gold Headlines

Gold demand rose 28% year-on-year in the third quarter, driven by robust consumer demand for physical gold and central bank buying, according to data released by the World Gold Council.

Year-to-date, demand is up 18% compared to the same period in 2021, a return to prepandemic levels.

POSTED ON October 3, 2022  - POSTED IN Key Gold Headlines

Central banks globally added to their net gold holdings for the fifth consecutive month in August, according to the latest data released by the World Gold Council.

On net, central banks added 20 more tons of gold to their reserves. Three banks drove buying in August and there were no notable sellers.

POSTED ON May 3, 2022  - POSTED IN Key Gold Headlines

Despite a number of big sales, global central bank gold demand remained brisk as net holdings increased by 83.8 tons in the first quarter of 2022.

That more than doubled the 41.2-ton expansion of central bank gold reserves in the last quarter of 2021 but was 29% lower than the first quarter of last year.

POSTED ON November 22, 2021  - POSTED IN Key Gold Headlines

During a recent interview, Bank of Poland President Adam Glapiński said the central bank plans to add 100 tons of gold to its reserves in 2022.

In 2018, the National Bank of Poland began aggressively adding gold to its reserves. Through the first half of 2019, the Polish central bank added more than 100 tons of gold, nearly doubling its reserves.

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