World Gold Council: More Central Banks Are Choosing to Repatriate Their Gold Reserves
Svmuu News: A survey by the World Gold Council shows that an increasing number of central banks are moving gold out of vaults in London and New York to increase domestic holdings or diversify their overseas storage locations. Over the past four years, central banks have purchased an average of 1,000 metric tons of gold annually—twice the average level of the past decade. Nearly 90 percent of the central banks surveyed said they expect global central bank gold reserves to increase over the next year. (iiss)
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