Question B3 Figure 1 Gold purchases/sales by the central banks of gold producing nations in 2022 * Tonnes 60 50 40 30 20 10 0 -10 -20 -30 -40 Jan 2022 Mar 2022 May 2022 Kazakhstan, Rep. of Mongolia US$/oz 2,000 1,950 1,900 1,850 1,800 1,750 1,700 1,650 1,600 1,550 1,500 Jul 2022 Sep 2022 Nov 2022 Philippines China, P.R.: Mainland Kyrgyz Rep. Uzbekistan, Rep. of -LBMA Gold Price PM (EOP) *Data to 30 November 2022 where available. Russian Federation Ecuador Türkiye, Rep of Source: IMF IFS, Respective Central Banks, World Gold Council Krishan Gopaul. "Central banks add more gold in November as China joins the fray." World Gold Council, 6 January 2023 Using data from Figure 1 between January and November 2022, give and justify: one conclusion about gold transactions by the central banks of gold producing nations; and, one conclusion about the price of gold.

uestion   Using data from Figure 1 between January and November 2022,  Question B3 Figure 1 Gold purchases/sales by the central banks of gold producing nations in 2022 * *Data to 30 November 2022 where available. Source: IMF IFS, Respective Central Banks, World Gold Council Krishan Gopaul. "Central banks add more gold in November as China joins the fray." World Gold Council, 6 January 2023 Using data from Figure 1 between January and November 2022, give and justify: one conclusion about gold transactions by the central banks of gold producing nations; and, one conclusion about the price of gold. Refer to the Assessment section to consider which assessment points are examined in this question. 50-100 wordsgive and justify:Question B3 Figure 1 Gold purchases/sales by the central banks of gold producing nations in 2022 * *Data to 30 November 2022 where available. Source: IMF IFS, Respective Central Banks, World Gold Council Krishan Gopaul. "Central banks add more gold in November as China joins the fray." World Gold Council, 6 January 2023 Using data from Figure 1 between January and November 2022, give and justify: one conclusion about gold transactions by the central banks of gold producing nations; and, one conclusion about the price of gold. one conclusion about gold transactions by the central banks of gold producing nations; and, one conclusion about the price of gold.