Central Banks Buy 41 Tonnes of Gold While Prices Log a 4th Straight Monthly Loss

Gold extended its losing streak in June, recording a fourth consecutive red month as expectations of Fed rate hikes and Middle East uncertainty weighed on prices. Despite this, new data shows that central bank demand remained strong. The metal fell 11.7% in June after a 1.8% decline in May. Meanwhile, World Gold Council data shows The post Central Banks Buy 41 Tonnes of Gold While Prices Log a 4th Straight Monthly Loss appeared first on BeInCrypto.