Central banks add 193 t of gold to reserves in H1

Central banks have added 193.3 t of gold to their reserves in the first six months of this year, which is an 8% increase compared with the 178.6 t bought in the same period last year, making it the strongest first half for central bank gold buying since 2015. The World Gold Council (WGC) states that gold is an important part of central banks’ foreign exchange reserves.