Central Banks Add 321 Metric Tons of Gold in Third Quarter, WGC Says
Central banks’ net gold buying reached its fastest pace since late 2024, according to the World Gold Council. The report cites geopolitical risks and fiscal-discipline concerns as supporting institutional demand.
By Giulia PetroniCentral banks stepped up gold buying in the third quarter to its fastest pace since late 2024, as geopolitical risks and concerns over fiscal discipline bolstered institutional demand for the precious metal.The institutions added a net 321 metric tons to their reserves in the perio…