Record amount of gold bought by central banks in Q3 and there are mystery buyers

Gold saw $50 gains on Friday after a very turbulent week. October employment report and signs that China could be easing its Covid Zero policies pushed prices higher. Here’s a look at Kitco’s top three stories of the week:

3. Gold’s 7 months of losses put it on path to longest losing streak in 5 decades

2. Fed Chair Powell says ‘ultimate level’ of rates will be higher than previously expected

1. Central banks buy record amount of gold in Q3 and large chunks are from unknown buyers
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