Central banks’ gold-buying spree to continue in coming years as global economic doubts rise ...News

Heightened global tensions, currency wars, and the course of de-dollarization have been pushing central banks to boost their gold purchases. The trend is likely to continue in the coming years, experts say. Data from the World Gold Council shows that in the first half of this year, the banks bought a record 374 metric tons of gold worth $15.7 billion. As concerns over trade disputes and global growth boost investors’ appetite for safe-haven assets, gold remains one of the prime secure destinations, says Lukman Otunuga, senior research analyst at FXTM (a global foreign exchange trading platform). Also on rt.c

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Central banks’ gold-buying spree to continue in coming years as global economic doubts rise ...News

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