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The price of gold is rising, but banks continue to buy it. Why are they bolstering their reserves?
10. 09. 2024
IBIS InGold

The price of gold is rising, but banks continue to buy it. Why are they bolstering their reserves?

There’s no rest for the central banks. They kept busy in July and expanded their gold reserves by 37 tonnes. This was a 206% month‑on‑month hike in purchasing. The increasingly complicated geopolitical and economic environment is making the management of gold reserves more important than ever.

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