-
Central bank gold demand has ‘very long runway’ as East/West market split returns - Schroders
Asian investors continued to buy gold in June even as their Western counterparts exited positions, while central bank gold demand around the globe will likely rise and will support gold prices for many years to come, according to precious metals market analysts at Schroders. In their latest monthly gold outlook, Schroders analysts said the market returned to an East/West dynamic in June as prices declined nearly 12%. “Primarily eastern emerging market central banks have leaned into lower gold prices to buy aggressively for secular reasons,” they said. “Western investors meanwhile have been liquidating, largely ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From exchangerates.org.uk | 15 hr ago
Gold prices remain under pressure from elevated US bond yields, but Goldman Sachs believes robust central bank demand should prevent any sustained sell-off, providing a solid floor for the precious metal despite near-term headwinds. The Gold price in US Dollars (XAU/USD) traded around $4,300 on Tuesday after retreating from recent highs, as stronger US ...
From kitco.com | 13 hr ago
Russia’s gold reserves have declined by 1.4 million ounces, or 43.5 tonnes, since the start of the year, according to the latest data from the Central Bank of Russia (CBR). Russia’s sovereign gold reserves stood at 73.4 million troy ounces, or 2,282 tonnes, as of the start of July, the CBR announced on Monday. The central bank estimates Russia’s gold ...
August Gold futures posted strong single-session gains as geopolitical tensions in Eastern Europe reinforced safe-haven demand. Recent military escalations between Russia and Ukraine have pushed conflict risks back to the forefront, encouraging investors to maintain elevated gold allocations. However, market expectations for monetary policy are also ...
