Central bank purchases of gold dropped 40% on Q2 – WGC

As per the latest report from World Gold Council (WGC), central bank purchases of gold dropped 40% during the three months to June. It was the third-straight quarterly drop, the longest such streak in at least five years.

As per Bloomberg report, “central banks have been net buyers every year since halting the selloff in 2008, and as of June had the biggest hoard in almost 15 years”.