In July, the world central banks acquired 10 tons of gold, against 38 tons in June, noted by the 26th contract a month of accumulation of reserves

In general, in July, relatively modest purchases of central banks were observed, led by the purchase of 3 tons of Kazakhstan. Recall that the official purchases of central banks make up about a third of demand from real state institutions

at a spare price, gold continues to bargain above the fact that we consider it a fundamentally reasonable level of mid -2025 ($ 2500 per omens); However, the risks of increasing the price of precious metal are preserved, taking into account stable tributaries in global ETFs and central banks