Amid Global Unrest Central Bank Gold Demand Swells in Q3

In Q3 2023, central banks worldwide purchased 337 tons of gold, marking a significant investment in the precious metal, as reported by the World Gold Council. This activity underscores a trend of consistent high demand, with implications for a considerable total gold accumulation by the end of the year. Central banks’ strategy reflects a diversification effort and a hedge against volatility, indicating the value placed on gold in the current economic climate.

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