Markets

Global central-bank gold purchases reach record high for first 9 months of 2023

Gold purchases by global central banks reached a record for the first nine months of this year, according to a report from the World Gold Council released Tuesday.

“In the current, macroeconomic and uncertain geopolitical context, central banks have turned to gold for its return characteristics, liquidity and safety,” Joe Cavatoni, market strategist for Americas at the World Gold Council, told MarketWatch.

Demand…

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