EM central banks, Chinese and Indian households going for gold
Monetary merchandise have made it simpler to entry treasured metallic – BdF analysis
Central banks in rising markets and households in China and India are the primary drivers of accelerating gold costs, new analysis from the Banque de France (BdF) exhibits.
The financial authorities in rising economies, led by Russia and China, have been the “principal patrons”, the examine explains. Central banks’ demand for gold doubled between March 2021 and March 2023 when put next with earlier years. Monetary sanctions and resurgent geopolitical tensions have been the first motivating elements.
Centra
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