Central Bank Gold Purchases Decline in April
Data from the World Gold Council indicates that central banks added a net 12 tonnes of gold to global reserves in April which is a 12 percent decline from the previous month. This figure also falls below the 12-month average of 28 tonnes highlighting a slowdown in gold purchases by central banks as prices reach record highs. Investors should be aware of this trend as it may signal changes in market dynamics impacting gold pricing moving forward.