Central Banks Kick Off 2024 with Significant Gold Purchases In January 2024, central banks significantly bolstered their gold reserves, adding 39 tonnes to the global tally, with Turkey and China leading the acquisitions. This marked a robust start to the year, continuing a trend from 2023, which, although slightly below the record-setting pace of 2022, remained impressively strong. Such purchases have become a crucial factor in supporting the gold market. This ongoing interest from central banks is driven by persistent and, in some cases, intensifying factors that are expected to maintain or even increase their demand for gold throughout 2024. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Rate Cut Expectations Drive 30-Year Mortgage Rates Down to 6.35% READ MORE Gold Hits New Peak: Why It's Just Getting Started READ MORE Shenzhen: China's Rising Star in the Gold Jewelry World READ MORE Economists Put Recession Odds at 40% READ MORE Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut Speculation READ MORE Add a Comment Cancel replyYour email address will not be published.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