Daan Struyven, Goldman Sachs co-head of global commodities research, says that global economic uncertainty is raising fears ...
In addition, inflation fears and fiscal risks “may push central banks — especially those holding large US Treasury reserves — to buy more gold,” they said. The more bullish outlook ...
Although no country operates on a pure gold standard anymore, many central banks have large amounts of gold reserves as a safeguard against the threat of economic crisis. Read on to learn more ...
While no one knows for certain how the price of gold will perform, market signals indicate its strong performance may continue in the short term. After all, the large central bank purchases that ...
Central banks bought 1,045 metric tons of gold last year, worth about $96 billion at Tuesday’s prices, with Poland, India and Turkey the biggest buyers, according to the group.
We anticipate continued strength in bar and coin demand while the ... story is a much stronger one. The strong gold price performance, the central bank’s continued purchasing announcements ...
BEIJING/LONDON, March 7 (Reuters) - China's gold reserves rose to 73.61 million fine troy ounces at the end of February from 73.45 million at the end of January, as the central bank kept buying ...
Goldman Sachs Group Inc. raised its year-end gold target to $3,100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm ...