Central bank demand for gold is running at twice the pace of the 2011-2021 average: DB
PositiveFinancial Markets
Recent reports indicate that central bank demand for gold is currently at double the average pace observed between 2011 and 2021. This surge in demand highlights a growing trend among central banks to diversify their reserves and hedge against economic uncertainties. As global markets face volatility, the increased interest in gold reflects its enduring appeal as a safe-haven asset, which could have significant implications for the gold market and investors alike.
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