Gold prices are so high, even central banks are feeling FOMO | Metals Mine

  • Gold prices are so high, even central banks are feeling FOMO

    From morningstar.com

    Central banks view gold as a 'key, liquid component of their reserves' Germany's central bank, the Deutsche Bundesbank, holds the world's second-largest gold reserves, behind the U.S. Gold prices at record highs sounds like a broken record, but central banks have continued to buy more than they're selling, even with prices for the precious metal at their highest levels ever. "Central banks continue to be consistent and strategic buyers of gold, even at record prices, because of the role it plays in strengthening their reserve portfolios," Joe Cavatoni, senior market strategist at the World Gold Council, said in ... (full story)

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