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Central banks set to step up gold buying over the next year
The World Gold Council’s annual Central Banks Gold Reserves Survey reveals that 89% of reserve managers expect global central bank gold holdings to continue increasing over the next 12 months. With gold recently overtaking US government bonds as the top reserve asset1, the findings point to continued momentum in central bank demand for gold. That confidence is also reflected in central banks’ own reserve plans: a record 45% of the reserve managers surveyed said they expect to increase their own institutions' gold holdings over the next 12 months. Additionally, 83% of respondents believe gold will account for a ... (full story)
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- Jun 16, 10:15am | 3 hr ago Posted byFundamental Analysis87
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