Goldman Sachs estimates central banks purchased 79 tonnes of gold in August, more than four times the pre-2022 average, as institutions diversify reserves away from G7 currencies and relocate holdings from New York to London and domestic vaults.
Global Central Banks Buy Gold at Four Times Pre-2022 Pace and Shift Storage Out of U.S.
Goldman Sachs estimates central banks purchased 79 tonnes of gold in August, more than four times the pre-2022 average, as institutions diversify reserves away from G7 currencies and relocate holdings from New York to London and domestic vaults.
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