Global Gold Buying Has Reached a Nearly 3-Year High, Led by Russia0.37

Central banks across the world are snatching up gold at a rate not seen in several years.

The World Gold Council has found that global spending by central banks on gold has reached the highest level since the fourth quarter of 2015. In the third quarter of this year, central banks bought over 148 metric tons of gold, marking a 22% increase on the same period last year.

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