Record Central Bank Gold Buying Continues

The amount of gold bullion central banks have been collectively buying in terms of overall metric tonnage on a historic basis, has been hitting record high levels of late. The first half of this year 2023 was no exception to this trend which ramped to historic high levels last year in 2022. Just under 400 metric tonnes were purchased for the first half of this year led by China, Singapore, Poland, and six other central banks respectively.