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Why are Central Banks Buying So Much Gold Now?

From sdbullion.com

{video} The fiat Federal Reserve raised rates as expected in the middle of this past week but at a slower pace hiking them +25 basis points or +1/4th of one percent. Chairman Jerome Powell said he expects two more 25 basis point rate hikes to come, citing his typical data-dependent opt-out clause. The monetary precious metal spot prices rallied on the news. I took to a quick Twitter poll to check my bullion-interested follower's sentiment posing the following question. In a highly leveraged derivative gold price discovery market, staying grounded and aware of risks is often a difficult but required task to maintain ... (full story)

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  • Category: Fundamental Analysis