Global Central Banks Return to Gold Purchases in April, Poland and China Lead With 14 and 8 Tonnes

According to the World Gold Council, global central banks returned to gold purchases in April, buying 17 tonnes net and reversing March's 30-tonne net sales. Poland's central bank led purchases with 14 tonnes, bringing its year-to-date total to 45 tonnes and gold reserves to 595 tonnes, representing about 30% of total reserves. China's central bank bought 8 tonnes in April, raising official gold reserves to approximately 2,322 tonnes and marking the 18th consecutive month of increases. The Czech National Bank added roughly 2 tonnes, continuing its 38-month streak of purchases.
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