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Central Bank Gold Buying Recedes, But Not Likely to Falter
Like all appetites, the consumer typically reaches some point of appeasement. That could be the case for central bank gold purchases, which have started to show signs of receding. But market experts do not see it faltering anytime soon. The pace at which central banks are purchasing the yellow metal may start to dwindle. But there are other factors remaining in its favor. In a recent Sprott Precious Metals Report, Sprott market strategist Paul Wong identified eroding faith in the U.S. dollar as a driver for higher gold prices. Eroding Faith in Dollar: The dollar has been the primary reserve currency for many years. ... (full story)