Central Banks Double Gold Purchases as Poland and China Lead Buying
Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
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Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
Italy pushes ahead with a bid to assert state ownership over its central bank’s $300B gold reserves, raising concerns over EU rules and central bank independence.
China has secured its first foreign partner under its gold-custody scheme, with Cambodia agreeing to store reserves in China as Beijing expands its role in global bullion markets.