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الاقتصادية
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الاقتصادية

2026-11-03T08:43:00.079Z

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Central banks boost gold

Central banks boost gold

Central banks bought a net 321 tonnes of gold in the third quarter, the fastest pace since late 2024, bringing estimated purchases since the start of the year to 675 tonnes. The World Gold Council believes falling prices may have encouraged some central banks to buy, despite pressure from rising oil prices and interest rates. China led reported purchases with 63 tonnes, followed by Poland with 41 tonnes, while Russia cut its reserves by 19 tonnes. By contrast, demand for gold jewellery fell 17% to 313 tonnes, while holdings in gold-backed funds rose by 211 tonnes during the quarter.

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