Central Banks Want More Gold, and Many Plan to Keep It on Home Soil

Date:

the Bank of England remains the most popular destination among central banks, with 57 percent storing their gold in the United Kingdom. File PhotoThe appetite for gold remains strong among central banks worldwide, and many of these institutions want to store their precious-metal holdings on home soil.Over the past four years, central banks have purchased an average of 1,000 tons of gold, up from the 500-ton average registered in the previous decade.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Telegram Returns to Apples App Store After Brief Removal

Apple briefly removed Telegram from its App Store worldwide...

TikTok Moves to Settle 3 Teen Mental Health Lawsuits Before October Trials

Children look at an iPad screen with the TikTok...

GOP Alleges Campaign to Influence Judges in Climate Lawsuits

As the Supreme Court considers a ruling on a...

Trump Says Chevron, Exxon Make Too Much Money From High Oil Prices, Urges Cuts to Gas Prices

Gasoline pumps stand at a gas station near the...