Gold industry market development organisation, the World Gold Council (WGC), reports that central banks’ monthly net gold purchases increased in January and February, following December’s five-month low. So far this year, only five countries have increased gold reserves by at least 1 t. This includes Turkey, which bought 41 t, Russia with 19 t, the United Arab Emirates with 5.9 t, Kazakhstan with 2.8 t and Mongolia with 1 t.
