Gold forecasts fall, but central bank buying expected to cushion retreat - Reuters
Gold forecasts fall, but central bank buying expected to cushion retreat - Reuters
Source: Reuters
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DW NOTE
Gold is down 23% from its January peak of $5,318, yet analysts now expect central banks to provide a floor through continued purchases. That's a remarkable faith in institutions whose buying drove the metal to unsustainable heights in the first place. When the bid that created the bubble becomes the cushion for the fall, you're not forecasting a market—you're describing a cartel.