EM central banks, Chinese and Indian households going for gold
Financial products have made it easier to access precious metal – BdF research
Central banks in emerging markets and households in China and India are the main drivers of increasing gold prices, new research from the Banque de France (BdF) shows.
The monetary authorities in emerging economies, led by Russia and China, have been the “principal buyers”, the study explains. Central banks’ demand for gold doubled between March 2021 and March 2023 when compared with previous years. Financial sanctions and resurgent geopolitical tensions were the primary motivating factors.
Centra
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