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CNBC

African, Latam nations buying gold from local miners

CNBC · 15 days ago
CNBC
CNBC
15 days ago

Shaokai Fan from World Gold Council discusses the key findings and trends from the latest gold reserve survey that cover 73 central banks around the world.

BreakdownGenerated by LeadStory AI
  • Poland, India, China, and central and eastern European banks remain major gold buyers. 5s
  • Export-oriented economies with trade surpluses are diversifying reserves into gold. 29s
  • African and Latin American central banks are increasingly buying gold from domestic small-scale miners. 55s
  • Central banks are motivated by gold's performance during times of crisis, not just its long-term value. 1m 23s
  • Recent global crises have reinforced gold's role as a safe haven and diversifier for central banks. 1m 36s
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