by Chris Marcus of Arcadia Economics
Central banks continue to purchase gold
The gold price may be down, but that hasn’t stopped central banks from purchasing it. As the latest data shows that they continue to add gold to shore up reserves.
Which sense given the context of what’s going on in the world. A world that’s coming under increasing financial pressure as the Federal Reserve and other central banks are raising interest rates to combat inflation, which has started to wreak havoc in many corners of the market.
The video also touches on how in terms of many of the foreign currencies that have depreciated against the dollar this year the price of gold is actually higher, as well as some of the other recent gold and silver data.
So to find out more, click to watch the video now!