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Central banks kept buying gold through August
Original: Central Bank Gold Statistics: Central banks continue summer spree in August | Post by Marissa Salim | Insights
The World Gold Council reports that central banks continued their summer buying spree in August, adding to official gold reserves despite the seasonal lull in markets. The data, published by analyst Marissa Salim, points to sustained demand from official institutions, a trend watchers see as part of ongoing efforts to diversify reserves away from traditional currencies.
Why now: Central bank gold purchases signal shifting reserve strategies and support for gold prices, keeping markets attentive.
World Gold Councilcentral banksMarissa Salim
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- Central Bank Gold Statistics: Central banks continue summer spree in August | Post by Marissa Salim | Insights · World Gold Council
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