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Central bank gold demand has ‘very long runway’ as East/West market split returns - Schroders - KITCO

Source: KITCO

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DW NOTE

Schroders frames central bank gold buying as a durable trend driven by geopolitical bifurcation. The mechanism is straightforward: states facing sanctions risk or seeking reserve diversification buy gold instead of Treasuries. What Schroders calls a "very long runway" is simply the structural consequence of Western governments weaponising dollar clearing — every frozen reserve account is an advertisement for non-dollar stores of value. Gold at $4,070 is down 23.5% from January's all-time high, but central bank demand doesn't trade technicals, it trades sovereignty risk.

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Central bank gold demand has ‘very long runway’ as East/West market split returns - Schroders - KITCO

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