The gold price is sitting at new lows for the year while there are all-time high purchases from central banks and likely the bulk of the buying was China. "Economic news so far this year that surprised to the upside. Everything, including gold, is coming under pressure in nervous markets. There is more likelihood of a recession and then gold will do well. Markets are in a holding pattern this year and need a strong inflation number to break out," says George Milling-Stanley.
28 Feb 2023
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