Gold's Biggest Buyers: Central Banks Edition

The World Gold Council has just released its latest data on gold movement from central banks.

After two months of aggregated net sales, October marked a return to net purchases, with 25 tons of gold ventilated.

Here are October’s biggest buyers:

Uzbekistan: 8 tons

Turkey: 7 tons

UAE: 6 tons

Qatar: 2 tons

India: 2 tons

This data is further confirming central banks’ continued appetite for gold as a strategic asset, and it will be interesting to see where they will stand the end of the year.