How Central Banks Could Help Drive the New Gold Rally - etfdb.com
How Central Banks Could Help Drive the New Gold Rally - etfdb.com
Source: etfdb.com
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DW NOTE
Central banks have been net buyers of gold every quarter since Q3 2022, accumulating over 1,000 tonnes in 2023 alone. The rally to $5,318 in January wasn't driven by speculation — it was driven by sovereigns diversifying out of a reserve currency whose issuer ran a $1.4 trillion deficit through June and may raise rates into a commodity shock.