Gold Demand from Central Banks Cools in August, but Remains Positive Central banks continued to accumulate gold in August 2024, albeit at a slower pace compared to earlier in the year. Net purchases totaled 8 tonnes, the lowest since March, with emerging market central banks leading the buying. Poland, Turkey, and India were the top purchasers, while Kazakhstan reduced its holdings. Despite the moderation in demand, central banks’ gold reserves are still growing, reflecting their ongoing interest in the precious metal as a strategic asset. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Banking Crisis 2.0? NYCB Stock Down 60% in One Week READ MORE Gold Retreats from All-Time Highs as Traders Eye Upcoming U.S. Inflation Data READ MORE Gold Hits Another Record, Topping $2,365/oz READ MORE Japan's ¥9.8 Trillion Currency Intervention Defended by Finance Minister READ MORE S&P 500 Hits 20th Record Record High in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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