by Mike Maharrey, Gold Seek:

Central banks continued to steadily add gold to their reserves in March 2024.

On net, central banks globally increased their gold holdings by 16 tons in March 2024, according to the latest data compiled by the World Gold Council. Buyers added 40 tons of gold to their reserves. This was offset by a net 25 tons in sales.

The Central Bank of Turkey was the biggest buyer in March 2024, adding 14 tons of gold to its reserves. The Turkish economy is being ravished by high price inflation. In April, the Turks reported a 69.8 percent increase in prices on an annual basis.