Central Bank Buying to Buoy Gold & Silver Prices | Metals Mine

  • Central Bank Buying to Buoy Gold & Silver Prices

    From etftrends.com

    Central banks’ willingness to buy more precious metals should help buoy prices for both gold and silver. Around the globe, central banks continue to quench their thirst for both, providing investment opportunities in ETFs with exposure to both metals. More central banks are increasing their gold reserves, but they’re harboring a home bias when mining for gold. This is especially the case with emerging market economies like the Philippines and Ecuador, which are bolstering reserves but also leaning on local mining operations. A recent World Gold Council (WGC) survey revealed that more countries are purchasing gold ... (full story)

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