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Central Banks Accelerated Gold Buying in Third Quarter

Central banks increased the pace of their gold purchases in the third quarter, according to a Wall Street Journal report. Continued heavy buying by monetary authorities has been a key driver of gold demand in recent years, as countries diversify reserves away from the dollar and hedge against geopolitical and inflation risks.

Why now: Gold prices and reserve diversification are in focus amid economic and geopolitical uncertainty

central banksgoldWall Street Journal

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