Central banks seen buying up more gold in next 12 months - World Gold Council
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According to the World Gold Council, central banks are expected to increase their purchases of gold in the next 12 months. The council's data shows that 29% of central bank respondents anticipate adding more gold to their reserves. More than four in five respondents expect reserve managers to boost global holdings of bullion, marking the highest confidence level on record for the survey. The motivation behind these planned purchases includes a desire to rebalance gold holdings, domestic gold production, and concerns about financial market risks and rising inflation.
#CentralBanks #Gold #WorldGoldCouncil
https://seekingalpha.com/news/4117190-central-banks-seen-buying-up-more-gold-in-next-12-months-world-gold-council
Seeking Alpha /
npub1qpf…damf
2024-06-19 01:08:58
Author Public Key
npub1qpfrthtcf6g8grmwfv45qf28aa4xqk73pgnmwjdfuze8zl2l2cnsewdamfPublished at
2024-06-19 01:08:58Event JSON
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"content": "Central banks seen buying up more gold in next 12 months - World Gold Council\n==========\n\nAccording to the World Gold Council, central banks are expected to increase their purchases of gold in the next 12 months. The council's data shows that 29% of central bank respondents anticipate adding more gold to their reserves. More than four in five respondents expect reserve managers to boost global holdings of bullion, marking the highest confidence level on record for the survey. The motivation behind these planned purchases includes a desire to rebalance gold holdings, domestic gold production, and concerns about financial market risks and rising inflation.\n\n#CentralBanks #Gold #WorldGoldCouncil\n\nhttps://seekingalpha.com/news/4117190-central-banks-seen-buying-up-more-gold-in-next-12-months-world-gold-council",
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