World Gold Council: More central banks are choosing to repatriate their gold reserves
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According to Jinse Finance, on June 21, a survey by the World Gold Council showed that an increasing number of central banks are moving gold out of vaults in London and New York, increasing domestic storage or diversifying overseas storage locations. Over the past four years, central banks around the world have purchased an average of 1,000 tons of gold per year, which is twice the average level of the past decade. Nearly 90% of surveyed central banks indicated that they expect global central bank gold reserves to increase in the coming year.
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