In January, Uzbekistan emerged as the global leader in gold sales.

In January of this year, the Central Bank of Uzbekistan reduced its gold reserves by 11.5 tons, thus becoming the leading gold seller globally. This was reported by Interfax, citing data from the World Gold Council (WGC).

The largest buyer was Turkey, which increased its reserves by 23.3 tons, followed by Kazakhstan with 14.9 tons and China with 3.9 tons.

In total, European central banks purchased 30.8 tons of gold.