Central Banks Put a Strong Floor Under Gold – Bloomberg - SilverTrade
Central Banks Put a Strong Floor Under Gold – Bloomberg - SilverTrade
Source: SilverTrade
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DW NOTE
Central banks bought 1,037 tonnes of gold in 2023—the second-highest annual total on record. That floor isn't support; it's panic diversification dressed up as portfolio management. When sovereigns flee their own monetary system at that pace, the bid isn't bullish—it's a vote of no confidence in the regime that issues the alternative.