A major gold-buying spree by central banks is likely to persist in the coming years, according to Australia & New Zealand Banking Group, which flagged the potential for further purchases by nations, including China.
In the current environment, where uncertainty in emerging market currencies is high, we see a good reason for countries like Russia, Turkey, Kazakhstan, and China to continue to diversify their portfolios, ANZ said in a note on Tuesday. Net buying by the sector is likely to stay above 650 tonnes, it said.
Central bank accumulation of bullion has emerged as an increasingly important trend in the global market, offering additional support for prices that have rallied to the highest level since 2013 on rising demand.
هذه القصة مأخوذة من طبعة August 28, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 28, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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