Morning Bites (part 1)

🏦 Global central banks continued to accumulate gold reserves in February, purchasing 51.7t (net) of gold (vs. the revised 73.7t in January), the World Gold Council reports. The main buyers were China and Turkey (24.9t and 22.5t, respectively). There was only one major net seller, Kazakhstan, which reduced its reserves by 13.1t (vs. the 3.9t increase in January). The continuing steady gold demand further supports our positive outlook on gold prices

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