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Central Banks' Gold Purchases Slow Down Amid Geopolitical Risks

Economic Times•
Central Banks' Gold Purchases Slow Down Amid Geopolitical Risks
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Synopsis Central banks bought significantly less gold in January compared to last year. This slowdown follows years of strong accumulation. Analysts believe this is a temporary pause, not a shift away from gold. Geopolitical risks and diversification strategies are expected to keep central banks interested in gold. Uzbekistan and China were notable buyers, while Russia was a seller.

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Publisher: Economic Times

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Central Banks' Gold Purchases Slow Down Amid Geopolitical Risks | Achira News