Renewed central bank gold sales not disruptive

A report by London metals researcher GFMS suggests that renewed selling of gold by central banks is unlikely to be a major disruptive factor in the market, Business Day reported Tuesday 19 October.

According to Business Day the report says that demand needs to expand 2.3% to absorb additional central bank sales.

Under the terms of the new central bank gold sales agreement between the European Central Bank and 14 other central banks setting a limit on gold sales, there will be a programme of sales

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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