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Central banks boost gold buys
Central banks around the world maintained their interest in gold during May 2026, adding a net total of 41 tons to their reserves. Poland was a major contributor with an 18-ton increase, and the Bank of China boosted its holdings by about 10 tons. Although Russia reduced its reserves by 6 tons, bank purchases continued despite expectations of an interest rate hike in the United States. The release of US employment data led to the first weekly gain for gold in five weeks.
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