After a year or so of relatively lackluster performance, the gold market surged in 2022 as several countries significantly increased their gold purchases as part of efforts to build up their reserves. By the time 2022 drew to a close, central banks around the world had purchased a whopping 1,136 tons of gold, pumping around $70 billion into the market.
China’s central bank was among the largest buyers of gold through 2022 and into 2023, buying nearly one-half of the global gold purchases in…
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