While gold hasn’t been making strong gains since its April highs, sovereign demand is providing plenty of support at these price levels, and while EFT flows show investors see further gains for silver, platinum may have topped out in the near term, according to precious metals analysts at Heraeus. In their latest precious metals update, the analysts noted that central banks continue to provide a solid floor for gold demand. “In May 2025, central banks added a net 20 tonnes of gold to their reserves, with Kazakhstan, Turkey and Poland leading the purchases,” they wrote. “Despite a slight moderation in pace, sentiment ... (full story)