World Gold Council: More central banks are choosing to move gold reserves back home

Gold Daily News reports that on June 21, the World Gold Council survey shows that more and more central banks are moving gold out of London and New York vaults, increasing domestic storage or dispersing overseas storage locations. Over the past four years, central banks have purchased an average of 1,000 tons of gold annually, twice the average level of the past decade. Nearly 90% of surveyed central banks expect their gold reserves to increase globally over the next year.
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