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Dunn To PerfectionFoundation

Fundamental Analysis · Module 1: Supply & Demand · Lesson 3

Central Bank Flows

Intermediate 6 minLesson 3 of 6

Learning objectives

  • Explain central bank flows in plain language
  • Understand why it matters to markets
  • Recognise a common misconception

The concept

Central banks have bought over 1,000 tonnes per year in 2022–2024, according to the World Gold Council.

Why it matters

It's a large, relatively price-insensitive source.

How markets interpret it

Data arrives with a lag via IMF reports.

Key takeaways

  • Central banks are major buyers.
  • Data is lagged.

Knowledge check

Central bank gold buying in 2022–2024 was roughly…

Key terms · hover or tap for a definition

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