Gold to lose its shine with central banks says the WGC
By GCRU Gold News on Thursday, June 12 2014, 07:41 - Permalink
The World Gold Council has released its report on central bank buying of gold and they see demand falling to around 300 tons this year. That’s down from last years estimate of 409t.
WGC’s Marcus Grubb sees a slowdown in CB buying coming over the next few years. China is expected to remain the biggest consumers and Indian demand will recover as import restrictions are eased.