CENTRAL BANKS LOADING UP ON GOLD
'Primary driver continues to be diversification away from the U.S. dollar'
(Business Insider) This has been a great year for gold.
The precious metal is up 19%, and recently crossed $1,300 per ounce for the first time in 15 months before pulling back into the $1,265 area. One of the most encouraging signs for the yellow metal is that demand has come from all sorts of places.
Buyers have come back into the market in India, the world’s largest buyer of gold, after a strike by the country’s jewelers associations brought business to standstill. In the US, demand for bullion is the strongest it’s been in 30 years.
Read more at http://www.wnd.com/2016/05/central-banks-loading-up-on-gold/#AVVYrpJIoBOmt6OY.99
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