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World Central Bank Gold Buying in 2018 Reaches Half Century High |钜 亨 网



The World Gold Council (WGC) believes that in 2018, the global central bank's gold purchases reached the second highest level in history.

According to the WGC, the number of gold bought by central banks was the highest in the world since 1967, and was the highest level since US President Nixon decided in 1971 to end the dollar in gold policy.

In 2018, the global central bank purchased 651.5 tonnes of gold, which is 74% more than the 375 tonnes of the previous year. The WGC estimates that the global central bank currently owns almost 34,000 tons of gold.

The report states that the Fed is a gold part of about three quarters of US foreign exchange reserves.

If the current gold price is converted to $ 1321.15 an ounce, then in 2018 the global central bank buys gold for $ 27.7 billion.

In a report published on Thursday, WGC said: "One year ago, political and economic uncertainty increased, prompting the central banks of the world to diversify their foreign exchange reserves, and thus focused on investing in safe liquid assets."

WGC said that some central banks bought most of the gold, and Russia bought the most dollars. In 2018, the Russian central bank almost completely removed US bonds and bought 274.3 tons of gold.



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