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With central bankers rushing to purchase gold, should retail buyers follow?

Central banks’ buying has been the second highest on record and was the main reason behind gold posting a positive return in 2022

February 07, 2023 / 09:32 AM IST
With central bankers rushing to purchase gold, should retail buyers follow?

Gold, gold prices

Highlights   Central banks’ gold buying has been the second on record Central bank’s purchases in 2022 helped lift annual gold demand to an 11-year high Since the financial meltdown central banks have bought gold every year Gold buying by central banks is largely to diversify the forex basket Gold discount in India is the highest level in 10 months as record-high prices hit domestic sales, indicating low demand High volatility and uncertainty is likely to keep gold demand high   For students of financial markets, 2022 will...

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