In April, the world's Central Banks bought 19.4 tons of gold into foreign exchange after selling 9.4 tons in March, the World Gold Council said on Tuesday.
Reportedly, the biggest buyers were:
- Uzbekistan (8.7 tons);
- Turkey (5.6 tons);
- Kazakhstan (5.3 tons).
At the same time, gold was sold mainly by:
- Germany (0.9 tons);
- Mexico and Czech Republic (0.1 tons each).
In the first quarter, Egypt (44 tons) and Turkey (36.9 tons) increased their gold reserves the most.
The most active sellers on the market this quarter were the Central Banks of Kazakhstan and Uzbekistan, which reduced their gold reserves by 34.3 tons and 24.6 tons, respectively.
