Demand for Gold by Central Banks Rose Its Fastest in 55 Years
January 05, 2023 at 09:58 AM EST
Gold could shine brighter in 2023 if central bank activity is an indicator of what’s to come. Lately, central banks have been adding more gold, according to the World Gold Council (WGC). Gold has risen over 3% the past month with the expectation that the U.S. Federal Reserve will start scaling back on hiking interest [...] The post Demand for Gold by Central Banks Rose Its Fastest in 55 Years appeared first on ETF Trends .