Record gold purchases by central banks, large chunks are mystery buyers

Kitco Media
By Anna Golubova
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Updated
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Gold saw $50 gains on Friday after a very turbulent week. October employment report and signs that China could be easing its COVID-zero policies pushed prices higher. Here's a look at Kitco's top three stories of the week:

3. Gold's 7 months of losses put it on path to longest losing streak in 5 decades

2. Gold price drops as Fed Chair Powell says 'ultimate level' of rates will be higher than previously expected

1. Central banks buy record amount of gold in Q3 and large chunks are from unknown buyers

Kitco Media

Anna Golubova

Anna Golubova is the Producer for Kitco News. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and politics. Anna began to exclusively cover economic news in 2013, attending media lockups at the Bank of Canada and Statistics Canada to report on a range of key macro economic events, including interest rate announcements, GDP, unemployment, and retail. She holds a Master of Arts in International Relations from NPSIA, Carleton and a Bachelor's degree in Political Science and History from the University of Ottawa.

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