Many investors assume large financial institutions like Bank of America offer physical gold sales. However, Bank of America does not sell gold bars or coins ... the example of central banks ...
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.
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 ...
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, ...
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 ...
Daan Struyven, Goldman Sachs co-head of global commodities research, says that global economic uncertainty is raising fears ...
"Demand for gold is currently being driven primarily by western investors and central banks. ETF investors appear to be jumping on the bandwagon," Commerzbank analysts wrote. The continued strong ...
Some key reasons: Geopolitical uncertainty, which benefits gold as a longstanding haven asset. Unease over lofty stock prices. Buying from central banks, some of which have been moving away from ...