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Turkey scrambles for gold, overtaking Russia as top buyer.

Tuesday, Jul 21, 2020 by: KCS Guideposted in: Uncategorized comments: 0

TOKYO — Turkey has overtaken Russia as the world’s largest purchaser of gold amid concerns that it could be barred from dollar settlements over cooling ties with the U.S. Central banks around the world have

Central banks remain positive towards gold despite lower buying in April

Friday, Jun 05, 2020 by: KCS Guideposted in: Gold comments: 0

In April, central banks bought another 31.6t based on IMF data. While the monthly increase is not far off the 6-month average (34.7t), it is 24% lower than March and 35% lower than April 2019.

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Turkey scrambles for gold, overtaking Russia as top buyer.

Central banks remain positive towards gold despite lower buying in April

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