Turkey and Kazakhstan sell gold in March as prices breach $2k gold centralbanks
As gold rose above the $2,000 level last month, some central banks turned to selling the precious metal, according to the World Gold Council.
Also, the WGC estimated that China's gold consumption could slow after the country went on a shopping spree in the last five months. Overall, central banks continue to be interested in adding more gold to their reserves. January and February marked the strongest start to the year since at least 2010, the WGC said, citing the precious metal's safe-haven properties and the global de-dollarization trend.
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