Gold fever is sweeping the world's central banks
20:46 - 02/08/2019
Information / Baghdad ..
Central banks around the world bought a record 374.1 tons of gold worth $ 15.7 billion in the first half of this year.
Global gold demand in the second quarter of 2019 grew by 8 percent to 1,123 tonnes, while demand for the precious metal in the first half was 2,181.7 tonnes, the highest level in three years, the World Gold Council said in its monthly report.
Russia and China have again re-established the list of gold buyers, as the two countries seek to diversify their international reserves away from the dollar, the board said.
The price of gold rose last June, exceeding the level of $ 1400 an ounce, for the first time since 2013.
Among the factors that boosted the rise in prices were expectations of lower interest rates and geopolitical tensions in some regions of the world