Central Banks Increase Gold Holdings by 44 Tons in November November, global central bank gold reserves increased by a net total of 44 tons, as reported by the IMF and other public sources. This increase was due to substantial gross purchases of 60 tons, significantly outstripping the 15 tons sold. The trend of robust central bank demand for gold continued, with major contributions from banks that have been consistent buyers throughout the year. Notable additions came from emerging market central banks, with the Central Bank of Turkey leading the purchases by adding 25 tons, followed by the National Bank of Poland and the People’s Bank of China. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Rethinking Economic Forecasting: Central Banks Address Inflation Prediction Failures READ MORE Zimbabwe Announces Plans to Introduce Gold Backed Currency READ MORE How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE Silver vs Fiat: The Fall of Minimum Wage in Real Terms | Mike Maloney READ MORE Egypt's Bold Move: $1 Billion in Treasury Bills Launched READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment