09.12.2015 - Bullion demand won't break
Despite gold at near six year lows, global demand for physical bullion remains very high. This is clearly seen in the recent demand data from the U.S. Mint and other mints. It is also seen in demand data from GFMS and the World Gold Council which shows very robust demand from Germany, India and of course, China. There is also the very high official demand from central banks and, in particular, the Russian central bank and the People’s Bank of China (PBOC). Today came news that China’s gold reserves rose by another 21 tonnes in November, the biggest bout of gold buying since China began disclosing monthly data on China’s gold reserves in June..............................................Full Article: Source
Print