Central Banks Have Bought 164 Tons of Gold So Far In 2021, Russia Will Now Buy A Lot More Too?

21% of the world’s central banks plan to add gold to their reserves in the coming year. That’s…

by Jason Burack of Wall St For Main St

May’s data is not in yet, but through April 2021, central banks have bought a net 164 tons of physical gold.

According to the WGC’s Central Bank Gold Reserves Survey, 21% of the world’s central banks plan to add gold to their reserves in the coming year. That’s one percentage point higher than last year.

No central bank indicated that it plans to shrink its gold reserves in the coming year. In 2020, 4% of banks said they planned to sell gold.

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