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Turkish central bank is top gold buyer among central banks this year
From the Daily Sabah, Istanbul
Friday, September 30, 2022
The Turkish central bank has been the top gold buyer among its global peers so far this year, according to data from the World Gold Council.
The Central Bank of the Republic of Türkiye bought around 9 tons of gold in August, the council said Thursday, increasing its total purchases to 84 tons year-to-date,
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This brought its official gold reserves (central bank plus treasury holdings) to 478 tons, the highest level since the second quarter of 2020, the data showed.
Meanwhile, global central bank net purchases of gold slowed to 20 tons in August, halving month-over-month, Krishan Gopaul, a senior analyst at the gold council for Europe, the Middle East and Africa, said in a blog. It marked the fifth consecutive month of net purchases from the central banking sector. ...
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