Central Banks Gold Buying Hits Highest Level In Half A Century

The amount of gold bought by central banks in 2018 reached the second highest annual total on record, according to the World Gold Council (WGC).

Central banks bought the most gold by volume since 1967, according to the industry research firm, which also highlighted it was the largest amount since former U.S. President Nixon Richard’s decision to end the dollar’s peg to bullion in 1971.

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