August hasn’t even reached mid-month yet, and gold has already risen by roughly 10%, reaching highs for the past two-plus months.
According to World Gold Council data: In Q2, global central banks bought 288.9 tons of gold, up 62% year over year, marking the strongest Q2 on record. The People’s Bank of China has continued to add to its holdings; Poland has made large-scale purchases; and South Korea has resumed its gold-buying program after 13 years. $XAUT
According to World Gold Council data: In Q2, global central banks bought 288.9 tons of gold, up 62% year over year, marking the strongest Q2 on record. The People’s Bank of China has continued to add to its holdings; Poland has made large-scale purchases; and South Korea has resumed its gold-buying program after 13 years. $XAUT