China’s relentless gold accumulation will keep prices in a decade-long uptrend | Metals Mine

  • China’s relentless gold accumulation will keep prices in a decade-long uptrend

    From kitco.com

    After a strong start to the year, Chinese gold demand has slowed significantly since the summer. While further demand could remain constrained due to higher prices, one bank says China will remain a dominant player in the marketplace for years to come. In a report published Monday, commodity analysts at Société Générale noted that the People’s Bank of China has been buying significant amounts of gold over the last three years, but official reserves remain at extremely low levels compared to the central bank holdings of developed nations. Quoting holdings data from the IMF’s International Financial Statistics, ... (full story)

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