China Confirms It Is “Mystery” Massive Gold Buyer With First Official Purchase In 3 Years
Dec 7th 2022 2:20pm EST
While central bank buying rarely drives sustainable gold rallies, it can provide an important pillar of support when prices fall. The precious metal has been under pressure this year from the Federal Reserve’s aggressive monetary tightening, though it has held up relatively well against moves in the dollar and Treasury yields. Powered by WPeMatico
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