Global central banks continue to buy gold in April, net purchases increased by 8% month-on-month

The China-US trade war, the Brexit and other events have made the economic outlook uncertain. The trend of global central banks buying gold in recent months has not stopped.

According to the World Gold Council, the global central bank’s gold reserves totaled 34,023.87 tons in April.

According to data released by the International Monetary Fund (IMF) in April, the global central bank’s net purchases were 43 tons, up 8% month-on-month. In the first four months, the global central bank’s net purchases were 207 tons, the highest in the first four months since 2010.

The reserves of the first 15 gold reserves have not changed, while the new market central banks continue to buy gold, and Russia, China, Kazakhstan and India maintain their buying momentum this year.