Central Bank’s Bought Half As Much Gold In 2024 As In 2023

CPM’s Jeffrey Christian reviews the central banks gold buying and selling last year, which was off 48.5% from 2023 levels, discussing the 20 banks that bought and the 12 banks that sold. He discusses how Russia’s month-to-month buying and selling gold to finance the war effort and government operations masked some of the shifts in central bank buying, and the factors that caused other central banks, including the People’s Bank Of China, to stop buying in and after the second quarter 2024

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