Central bank gold demand cools but Fed cuts will boost bullion price, silver ETFs climb as coins slide – Heraeus | Metals Mine

  • Central bank gold demand cools but Fed cuts will boost bullion price, silver ETFs climb as coins slide – Heraeus

    From kitco.com

    Central bank gold demand appears to be dropping after over two years of historic highs, but a Fed rate cut could boost the rally higher, while silver ETF demand is continuing to climb even as coin sales slide, according to precious metals analysts at Heraeus. In their latest precious metals update, the analysts noted that central bank bullion demand is pulling back from its recent highs. “The People’s Bank of China increased its holdings of gold by 60 koz last month, a ninth consecutive monthly increase,” they wrote. “This took the bank’s total holdings to 73.96 moz (2,300 tonnes). The World Gold Council ... (full story)

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