According to the World Gold Council (WGC), based on available reported data, central banks bought a net 53 tons in November.
Data published by the Central Bank of Uzbekistan shows its gold reserves rose by 9 tons during the month – the first monthly addition since July. As a result, the bank’s y-t-d net purchases now total 11 tons and total gold holdings amount to 382 tons.
The National Bank of Poland (21t) was the biggest buyer, while the People's Bank of China reported its first addition (5t) since April.
The Monetary Authority of Singapore was the biggest seller during the month, while the Bank of Finland also announced a reduction in its gold reserves.
