What role has central bank buying played in the recent gold bull market?
Replied byCollin Kettell
Founder & CEO at Palisades Goldcorp
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: North Vancouver, British Columbia, Canada
Started: 2019
Much of the gold price move over the last couple of years has been driven by central banks buying physical gold. This was largely triggered by geopolitical decisions, such as the US administration seizing Russia's reserves, causing central banks to rush into physical gold.
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