Central banks plan to keep buying more gold. Here’s an interesting step they’re taking to store it safely.
While gold prices on Comex haven’t touched a record high since late January, a key reason for their climb back then to all-time intraday highs above $5,600 an ounce — namely, buying by global central
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# Central Bank Gold Buying Supports Market Recovery Central banks' sustained gold purchases are driving prices toward recent highs above $5,600 per ounce on Comex, providing fundamental support for the precious metal market despite failing to break the late January record; this institutional demand represents a significant bullish factor offsetting typical price volatility in gold trading.
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