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Global central banks bought a net 12t in April based on reported data, 12% lower than the previous month and below the 12-month average of 28t (Chart 1).1
What could be behind this recent
Central Bank Gold Buying Slowed In April
Summary
- Central banks added a net 12t to global gold reserves in April, the second consecutive month of slower accumulation.
- The National Bank of Poland remains the leading buyer, both in April and year-to-date.
- The Reserve Bank of India gave an update on where its gold is stored, while several African central banks look to add gold.
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