Gold Purchases by Global Central Banks Skyrocket 575%, Surpassing $4,600,000,000 in Just One Month

Global central banks bought 27 tons of gold worth over $4.6 billion in February, a 575% increase from January’s 4 tons. The surge, reported by the World Gold Council, indicates a major shift in reserve strategies. This rapid increase highlights growing interest in gold as a safe-haven asset amid market volatility.

Chainshorts summarizes news into 60-word briefs. Full article is owned and hosted by The Daily Hodl. Read the original via the link above. Chainshorts users earn SKR for reading in the app.