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Central banks seen waiting to buy more gold

Commentaries & Views

Errata: Russian Central Bank Holdings were 73.9 billion oz as of December 2020. Russia Sold 100,000 oz in January 2021 and has not done anything since. CPM’s Jeff Christian discusses central bank gold buying and selling policies and practices, focusing on the surge in buying earlier in 2021 and the pull back from further purchases over the past few months. He also discusses CPM’s market outlook and issues surrounding the ways refiners trade 1,000 ounce bars.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.