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.