Eight Central Banks Increased Gold Holdings In May – Infinite Unknown infiniteunknown.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infiniteunknown.net Daily Mail and Mail on Sunday newspapers.
Since recommencing reports of purchases in November 2022, the Peoples Bank of China has added 144 tons to its official gold holdings. Officially, Chinese gold holdings stand at 2,092 tons.
World Gold Council bullish about 2021
LONDON, January 14, 2021 The World Gold Council believes that gold investment will remain well supported in 2021 while gold consumption should benefit from the nascent economic recovery, especially in emerging markets. Investors will, looking ahead, likely see the low interest rate environment as an opportunity to add risk assets in the hope that economic recovery is on the immediate horizon. That said, investors will likely also be navigating potential portfolio risks including ballooning budget deficits, inflationary pressures market corrections amid already high equity valuations. Gold gained from risk, rates and momentum Gold was one of the best performing major assets of 2020 driven by a combination of high risk, low interest rates positive price momentum – especially during late spring and summer.