China is ramping up gold purchases while JPMorgan reduces gold price forecasts.
2 reports, 2 independent
Updated Jun 18
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What happened
China is ramping up gold purchases while JPMorgan reduces gold price forecasts.
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Part of
Central banks globally are increasing gold reserves and shifting away from dollar dependence due to geopolitical instability in the Middle East.Also in this story
- Market sentiment is shifting due to weak jobs data and downward revisions, leading to central bank policy signals and currency repricing.
- Central bank buying and industrial demand are keeping silver prices firm amid geopolitical tensions and market projections from the World Bank.