Why Russian and Chinese central banks will keep buying gold

Timor Invest
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MarketWatch/Myra Saefong/9-13-2019

“Emerging markets have beefed up gold holdings, undeterred by prices near their highest levels in more than six years, as countries such as Russia and China diversify their foreign-exchange reserves—a trend that is likely to continue.”

USAGOLD note:  In Friday’s DMR we mention funds, institutions and central banks as three players largely absent in previous bull market rallies going all the way back to the early 1970s. That circumstance introduces a new and important dynamic to present-day gold market analysis. This article will bring you to speed on the central bank component of that trinity.

Source: USA gold