Tag: WGC report

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Central Bank Gold Demand Swells in Q3 Amid Global Unrest

Central banks around the world maintained their appetite for gold in the third quarter of 2023, with their purchases totaling 337 metric tons, the World Gold Council’s (WGC) third-quarter report shows. Analysts from the council suggest that this steady central bank activity is indicative of a sustained, strong demand for gold, which may lead to…
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Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’

During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also spotted a “substantial estimate for unreported…
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