Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July

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Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July
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goldreserves Qatar Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July

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Gopaul added that it appears this is the central bank's biggest gold purchase on record, going as far back as 1967.Monday, Gopaul also reported that the Central Bank of Uzbekistan bought 8.7 tonnes of gold in July, matching the purchases it made in June. However, despite the headwinds, many analysts remain bullish on gold long-term, specifically because central banks continue to buy gold.

Zulifiqar added that he sees central bank gold purchases providing steady growth for gold in the next few years.

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