Global central bank gold reserves increased by an additional 52 tons in February, representing the eleventh consecutive month of net purchases of the yellow metal, new data show.
According to the latest figures from the World Gold Council (WGC), China was the biggest gold buyer in February, acquiring 24.9 tons. The People’s Bank of China (PBoC) has increased its gold holdings for four straight months, growing its reserves by roughly 102 tons.
As of the fourth quarter of 2022, Beijing possessed more than 2,010 tons of gold.
Ankara maintained its 15-month streak of gold buying in February, as the Central Bank of Turkey added more than 22 tons….