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Central Banks Betting on Gold for Safety: Chart

(Bloomberg) – Central bankers’ appetite for gold is increasing, providing a boost to the traditional safe-haven asset as investor interest wanes. Global reserves expanded by 333.2 tonnes in the first half, 39% more than the five-year average for the period, according to a quarterly summary from the World Gold Council, which shows strong purchases from Brazil, Thailand and Hungary. Keeping central bank purchases at recently observed levels will provide an element of support for the market, according to Louise Street, senior market analyst at the Board.

Nota Original:Central Banks Go Big on Gold Buying in Quest for Security: Chart

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