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Gold News: Does Central Bank Buying Affect Its Price? [Details] | The Mesh Report

Gold News: Does Central Bank Buying Affect Its Price? [Details]

Mike Hammer November 5, 2018 Comments Off on Gold News: Does Central Bank Buying Affect Its Price? [Details]

We can start this week off with a bang. It’s no secret that central banks bought a lot of gold over the past year, we’ve talked about it many times (here’s one example, and another). This morning, Ronan Manly published a detailed article on central banks’ recent spate of gold buying.

The question: Does central bank buying have any impact on the open market price of gold? Now that’s something we probably should understand, right? The general assumption is that more central bank buying means more demand on the open market — but is it true?

Continue Reading At The Gold Enthusiast



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