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Financial Times/Henry Sanderson/10-7-2020
“Central banks became net sellers of gold in August for the first time in a year and a half, in the latest indication that demand for the metal is slowing following a record-setting rally.”
USAGOLD note: Is net sales from central banks an indication of slowing demand in the aggregate? Not necessarily. And we are talking about a very small number in the overall scheme of things – 12.3 tonnes. All other indicators, including the rising price over the course of the year thus far, point to increased (not “slowing”) demand.
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