Morgan Stanley with more on gold - central banks buying supporting it

Author: Eamonn Sheridan | Category: Central Banks

Forecasts for the price of gold from the bank are here: Morgan Stanley says it has turned more neutral on gold

A little more from the bank now:
  • the buying by central banks is supportive for gold
  • they've bought 126 tons in the first quarter of 2019
  • China, Turkey, Russia adding to their reserves

The background to this is the fastest buying of gold by central banks since 1971 during 2018 (posted back in January) )

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