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PBOC, MAS drive central bank gold purchases in 2023

Indira Vergis
The sustained pace of central bank purchases is unexpected and the trend could continue in the months ahead amid growing geopolitical tensions and a clouded economic outlook, said experts.
PBOC, MAS drive central bank gold purchases in 2023

Central banks in China, Poland and Singapore emerged as the top three buyers of gold in 2023, with China maintaining the lead in the third quarter as well, according to newly-released data from the World Gold Council.

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