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Central Banks Bought 79 Tonnes Gold in August

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Story summary
  • De Nederlandsche Bank moved 86 tonnes of gold from New York and Ottawa to London.
  • Central banks bought 79 tonnes of gold in August, four times the pre-2022 average.
  • China bought about 25 tonnes of gold in August, the largest identifiable buyer.
  • France’s Banque de France sold 129 tonnes in New York and bought European gold to reach 99.99% purity.