Central Bank Hunger for Gold Lifts Demand to Three-Year High
By GCRU Gold News on Thursday, August 1 2019, 23:38 - Permalink
Central banks continued to load up on gold in the first half, helping push total bullion demand to a three-year high, according to the World Gold Council.
Nations added 374.1 tons in the first six months as Russia and China kept building reserves and Poland made a massive purchase. The trend is expected to continue, with a recent survey of central banks showing 54% of respondents expect global holdings to climb in the next 12 months.