Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of gold to their coffers, with the Central Bank of Turkey leading the charge by purchasing 25 tonnes.
Central Banks Kept Buying Gold in November
Central banks continued their gold rush during November. According to a report by Krishan Gopaul, an analyst for Europe, Middle East, and Africa (EMEA) of the World Gold Council, central banks continued to add to their gold reserves in November, purchasing a net of 44t of gold.
Gopaul stated that these numbers came from public records and International Monetary Fund reports, reiterating the momentum of gold as a reserve asset, particularly for emerging markets in Asia and Europe. Developed nations have remained relatively quiet in the sales and purchase sides of the equation.
The largest gold purchaser
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