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 for ... (full story)