Central bank gold demand remains healthy but shows signs of slowing

The World Gold Council’s (WGC’s) latest statistics show that monthly increases of 1 t or greater, in gold reserves, have begun to ease over the past three months. The council on Thursday released its regular statistical update on gold reserves in the official sector, which highlighted that Turkey, Russia, Kazakhstan and Mongolia had significantly increased their central bank gold holdings in November last year, adding 17 t, 9.4 t, 4.6 t and 2 t of gold, respectively.