Commodity News
Central Banks Add 463 Tons of Gold in 2021
February 07 2022 09:03:06 World Gold Council (Linda)
According to data released by the World Gold Council, in 2021, central banks will increase their reserves of gold by a total of 463 tons, 82% higher than that in 2020, raising the global central bank's gold reserves to the highest level in nearly 30 years. However, the pace of central bank gold purchases slowed down in the second half of the year, and net gold purchases in the fourth quarter fell by 22% year-on-year. Global gold ETF holdings fell by 173 tonnes in 2021, in stark contrast to the record 874 tonnes of net inflows in 2020.
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