Global bullion holdings continued to rise in the third quarter of this year, with net purchases up 12 percent compared to last year, according to World Gold Council (WGC) data.
Central bank purchases of the precious metal totaled 547.5 tons, with more than 156 tons bought in three months from July to September. However, the third quarter buying spree this year is 38% lower than it was in 2018, when quarterly net purchases hit the highest level in eight years.
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