InvestorQ : I understand most central banks hold gold. Do they keep buying gold?
Rutuja Nigam made post

I understand most central banks hold gold. Do they keep buying gold?

Answer
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3 years ago
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Demand from ETFs and Central Banks is another factor that affects gold prices. For too long, the central banks were the largest holders of gold reserves. Not any longer! Today large gold ETFs like SPDR have as formidable gold reserve as any of the large central banks. Of course, inflows into gold ETFs have been on the wane but it still accounts for a very sizable share of demand for gold. Whenever, there is a spurt in demand for gold from central banks or from ETFs, we have seen gold prices move up.

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