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- Reported global central bank gold reserves, via the IMF and publicly available sources, rose by a net 44t in November
- Gross purchases (60t) heavily outweighed gross sales (15t) as central bank demand maintained its momentum*
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Central bank purchases in November 2023 continued to be dominated by banks who have been regular buyers so far this year.
Major buyers were all from emerging markets. The Central Bank of Turkey added the most gold during the month (25t), followed by the National Bank of Poland and the People’s Bank of China.
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