EM central banks continue to buy gold in Q2
Asian central banks have been less active than those in other emerging markets, and European central bank activity remains flat. But other investors are showing strong demand.
Continuing uncertainty over how to deal with inflation and ongoing developed-country debt worries led certain emerging-market central banks to boost their gold holdings in the second quarter, says the World Gold Council (WGC). Exchange-traded funds and other investment products have also seen significant net inflows.
The Banco de Mexico acquired 100 tonnes of gold between January and April, raising holdings of gold from 6 tonnes to 106 tonnes and raising its gold allocation from u…
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