🔥Central bank demand for gold is accelerating:
World central banks acquired 41 tonnes of gold in May, following ~20 tonnes in the prior month.
Year-to-date, Poland has been the biggest buyer, adding 64 tonnes and bringing its total gold reserves to a record 614 tonnes, on track to reach its 700-tonne target.
This is followed by Uzbekistan, which added 33 tonnes. Notably, the country's gold reserves now stand at 87% of its total FX reserves.
Meanwhile, China has bought gold for 20 consecutiv...