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AAAU - Central Bank Gold-Buying Spree Expected To Continue Into 2020
Goldman Sachs Physical Gold ETF
By SchiffGold
The central bank gold-buying spree is expected to continue into next year as countries continue to create a hedge against geopolitical risk and diversify their reserves away from the US dollar.
Through October of this year, central bank gold purchases have totaled 562 tons, based on data compiled by the International Monetary Fund and reported by the World Gold Council. That puts the sector on pace to roughly match last year's total of just over 650 tons.
The World Gold Council noted that 2018 marked the highest level of annual net central