Central Banks' Gold Purchases Highlight Long-Term Economic Trends

Qinbafrank posted on X that between 2023 and 2025, central banks worldwide are expected to collectively purchase 1,000 tons of gold annually. Recently, the Polish central bank completed a purchase of 150 tons, accounting for 15% of the average annual gold accumulation by central banks. This observation was made at the end of October, coinciding with a minor peak in gold prices. The discussion highlighted that while short-term adjustments occur, the long-term support for gold remains unchanged source: https://www.binance.com/en/square/post/35362714249497?utm_source=BinanceNewsRSS