Central bank purchases of gold increased by 22% during the third quarter . That's the fastest pace since the fourth quarter of 2015, according to Natalie Dempster, managing director for central banks and public policy at the World Gold Council. During the past couple of years, most gold purchases had been made by Russia, Turkey and Kazakhstan. They are still major gold buyers, and countries like India, Poland and Hungary, have aggressively ramped up purchases lately, Dempster noted. But central bank purchases are drawing attention.

Source: CNN November 06, 2018 17:15 UTC