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Gold demand pulls back in Q2 as central banks slow down on buying - WGC

In 2022, gold demand rose to its highest in 11 years owing much to the biggest central bank purchases on record. And despite a slowdown in buying by central banks in Q2 this year (102.9 metric tons) compared to that of last year (158.6 metric tons), the purchases in the first half of 2023 (386.9 metric tons) is still more than any January to June period in the data going back to 2000.So, yes there might be some slowing in demand in the last quarter. However, the overall picture still shows that... Read More

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Content Topics

Gold

Demand

Pulls

Back

Central

Banks

Slow

Down

Buying

Forex

Posted: Aug 1 2023, 07:13

Author Name: forexlive

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