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.
Romania may bring most of its gold home.
Romania’s ruling party chief has submitted a bill that would require the country’s central bank to keep 95% of its gold within the borders of the country. Currently, about 60% of Romania’s 103.7 tons of gold is stored at the Bank of England.
Could China be secretly pumping up its gold reserves?
Officially, the People’s Bank of China hasn’t added any gold to its hoard since October 2016. But some analysts don’t think the Chinese have stopped accumulating gold. They think they’ve just gone silent.