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Central banks strengthen gold reserves at the expense of mines


July, 16 2025

Central banks are increasingly increasing their gold reserves through purchases from local mines. This approach supports the national industry, reduces costs and relieves pressure on foreign exchange reserves when calculating in national currencies. According to the World Gold Council, of the 36 central banks surveyed, 19 are already purchasing gold from local small producers, and four more are considering this possibility. Last year, only 14 out of 57 banks practiced this approach.This met... Read More

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