- Gold continues to play an active role in central banks' foreign reserves, according to updated data from the International Monetary Fund, highlighted by the World Gold Council.
However, in his research, Gopaul has noted that its common for nations like Kazakhstan, which has solid domestic production, to sell its gold. In a recent interview with Kitco News, Ryan McIntyre, managing partner at Sprott Inc., said that it is not surprising that central banks continue to buy gold as it remains the ultimate neutral asset.
Source: Loan Digest (loandigest.net)
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