By SchiffGold
Central banks bought more gold in April, according to a report by the World Gold Council. This continues a gold-buying spree that stretches back to last year.
Globally, central bank net purchases of the yellow metal totaled 43 tons. That is an 8% increase month-on-month.
Reported net purchases total 207 tons so far in 2019. That ranks as the highest year-to-date increase in gold reserves since central banks became net buyers in 2010.
According to the WGC:
"This could be viewed as a strong statement of intent towards gold, especially given this