"Gold prices are being underpinned by continued gold buying by the world’s central banks as a dollar diversification strategy. World Gold Council data for Q1 show the central bank of Turkey bought 30 MT of gold, China’s central bank bought 27 MT of gold, and India's central bank bought 18.5 MT of gold."
https://www.barchart.com/story/news/26943961/dollar-gains-on-higher-t-note-yields-and-hawkish-fed-comments
