Central Banks Double Down as Indian Gold Buyers Turn Selective

Gold is a shiny yellow metal that people and countries keep to store value.

Central banks, which are the banks of countries, are buying a lot of gold right now.

In June alone, they bought 51 tonnes - enough to fill several large trucks.

Poland and China bought the most gold in June.

But regular people in India and China are buying less gold jewellery than they did last year.

The price of gold climbed very high and then came down, which made some buyers more careful.

Even so, gold is still much more expensive than it was a year ago.

Some countries, like Turkey and Russia, sold some of their gold this year.

Gold prices can go up or down depending on wars, oil shipping routes, and interest rates.

Nobody knows for sure whether gold prices will rise again.