China-led central bank gold buying spree could stress global markets - SocGen | Metals Mine

  • China-led central bank gold buying spree could stress global markets - SocGen

    From kitco.com

    Robust physical demand for platinum and silver has highlighted the fragility of global supply chains. While the gold market has not seen the same kind of disruption, it may not be immune to similar volatility, according to one investment bank. In their latest report, commodity analysts at Société Générale said they are closely watching official-sector gold demand, as they believe ongoing central bank purchases could lead to another short squeeze similar to what was seen in silver and platinum. Global central banks have increased their gold reserves by roughly 1,000 tonnes in each of the last three years. Although ... (full story)

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