Central-bank buying has slowed; we expect them to remain net buyers, despite isolated selling,” Standard Chartered precious-metals analyst Suki Cooper wrote in a note on Wednesday. “Central-bank buying has slowed since late last year and we expect it to fall this year to 360t, but remain elevated compared to historical levels.”
The official sector added 145 metric tons of gold to reserves in the first quarter of this year, which is up 34% on a quarterly basis but down 8% year-over-year, Cooper pointed out.


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