Central Banks Kick Off 2024 with Significant Gold Purchases In January 2024, central banks significantly bolstered their gold reserves, adding 39 tonnes to the global tally, with Turkey and China leading the acquisitions. This marked a robust start to the year, continuing a trend from 2023, which, although slightly below the record-setting pace of 2022, remained impressively strong. Such purchases have become a crucial factor in supporting the gold market. This ongoing interest from central banks is driven by persistent and, in some cases, intensifying factors that are expected to maintain or even increase their demand for gold throughout 2024. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Japan’s GPIF Seeking Info on Illiquid Assets Such as Forests, Gold as Part of Research READ MORE Fed's Waller Confirms: U.S. Dollar to Retain Its Global Reserve Currency Status READ MORE Gold Shows ‘Unprecedented Strength’ in Record Rally. Warning Signs Are Flashing. READ MORE High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE HSBC: Commodity Markets Are in a ‘Super Squeeze’ READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
