Central bank gold buying has been pretty muted recently

In terms of the sellers,  Turkey sold -11.7t of the yellow metal and this puts year-to-date total global central bank net sales at 16.7t, the weakest start in over a decade.

The WGC say “Selling has predominately come from a small group of central banks whose chunky sales have tipped the balance in certain months.

The next main resistance stands at $1771.60/oz and this was a very strong area of support in the past when the price bounced off the zone on 30th November 2020.

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