According to the statistics promulgated by the World Gold Council, Central Banks have increased global reserves of gold at the end of the 1st quarter at 145.5 tons. It is the largest buildup of global reserves of the precious metal, starting in 2013, reports Newsmir.info.
According to data published by World Gold Council, at the end of the 1st quarter, the Central Banks have increased global reserves of gold at 145.5 tons. This was the largest replenishment of the global reserve of the precious metal, starting in 2013. Then, we recall, regulators have purchased, in total, slightly more than 171 tons. At the end of the 1st quarter of this year, the largest buyer of gold became the Central Bank of the Russian Federation, adding to its stockpiles of 55.3 per ton of gold.
The current capacity procurement experts explain several factors. In particular, this step regulators are pushing low (and in some countries and negative) interest rates, low economic growth and increased trade tensions in the global market. This should also add the unstable geopolitical situation. See also – Microsoft has become the world’s second largest public company with a market capitalization of more than $ 1 trillion.