Central banks were buying gold at record levels. Here's why they're selling now

Central banks are shifting from heavy gold buying to selling amid war-driven liquidity pressures.

Gold has fallen about 12% from its January peak, entering a period of contraction despite heightened geopolitical risks.

Emerging industry central banks are leading the trend, with currency volatility and increased spending requirements prompting sell-offs. This also touches on aspects of earnings report.

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