Central banks bought 400 tonnes of gold in Q3. Is this really a hidden message for investors?

The only identifiable purchases came from India (17t), Turkey (31t), and Uzbekistan (26t). Russia should be on that list as well, but it has stopped reporting reserves since the start of the war in Ukraine. However, even with the inclusion of Russia, a big gap remains, which raises the question of whether there are central banks that know more about the gold market than other market participants. Judging by the central banks’ track record, it seems unlikely that the central banks know more.

from Commodities-Markets-Economic Times
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