Page 39 - Bullion World Issue 11 March 2022_Neat
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Bullion World | Issue 11 | March 2022
INTERNATIONAL news
Gold Reserves at
World Central Banks
Rebounded in 2021
The Gold Demand Trends Full Year 2021 Report
published by the World Gold Council (WGC) suggests
that gold purchases by world central banks rebounded
during the year.
The net gold purchases by world central banks totalled
463t during the previous year. This marks significant
rebound from the decade-low purchases of 255t
recorded in 2020. The annual purchases skyrocketed
by 82% year-on-year. Out of this, 324t were bought
during the initial half of 2021, boosted by several large
purchases. The purchases slowed down sharply to 139t
in H2 2021. The Q4 2021 purchases, at 48t, hit the
lowest quarterly purchases since Q3 2010.
Source: https://www.scrapmonster.com
Gold price to remain in
neutral in 2022 - LBMA
survey
After gold's disappointing performance in 2021, analysts are
tempering their enthusiasm, according to the London Bullion
Market Association's 2022 forecasts.
The LBMA released the results of its annual forecast survey.
Among the 34 analysts who participated in this year's survey,
expectations are for gold prices to remain relatively stable,
averaging 2022 around $1,801.90 an ounce, relatively
unchanged from last year's average price of $1,798.60 an
ounce.
Source: https://www.kitco.com
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