Why Central Banks Love A Gold Sell-Off

Why Central Banks Love A Gold Sell-Off Via SchiffSovereign.com, On July 7, Bloomberg published an article with the headline: “Gold’s Bull Market Has Ended and Now All Eyes Are on Bears,” explaining how many retail investors have headed for the exits. That same day, the People’s Bank of China, the country’s central bank, reported its largest monthly gold purchase since 2023. Of course, June marked its twentieth consecutive month of adding gold to its reserves. Central banks ar...

By Tyler Durden