Central Bank Gold Demand Surges The Highest In Over 50 Years! World Gold Council 2018 Trend Report
The World Gold council released their 2018 demand trends which showed Central banks demand for gold surged to the highest level in over 50 years. Central bank net purchases reached 651.5t in 2018 that's a whopping 74% higher than 2017. WGC noted that this increase was the highest level of annual net purchases since the suspension of dollar convertibility into gold in 1971. That's not all bar and coin demand showed Gold bar demand mainly flat but coin demand surged to the Second highest level ever recorded.