Irish Central Bank Added to Gold Reserves in November
- Institution bought more than a ton of gold in the month
- Purchases come amid widespread concerns about inflation
A gold bar on display in a shop window in the Gold Souk in the Deira district of Dubai, United Arab Emirates, on Wednesday, Feb. 10, 2021.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
The Irish central bank added 78 million euros ($88 million) to its gold reserves in November, data published this week showed.
The purchases mean the institution has increased its holdings of the precious metal by more than three tons in three months, a 60% increase from the level maintained for over a decade.