Does the recent spate of Central Bank gold buying impact demand and price?
By GCRU Gold News on Monday, November 5 2018, 07:44 - Permalink
Since in general the central bank gold market is ultra secretive and exempt from all manner of reporting, there is often not even any proof of anything much in the central bank gold market nor even any evidence in a lot of cases that the claimed trades have even taken place.
There is also no evidence that this central bank gold buying has any effect on the international gold price despite what, for example an article such as “Buying by central banks & ETFs set to propel gold prices higher” claims. So its instructive to look at some of this central bank gold buying and ask to what extent it could impact overall gold demand and could it have any impact on the gold price.