Gold rises on central bank buying rumours

The gold price had been lent further momentum by investors anticipating central banks would deliver on comments they would buy gold, Bloomberg News reported.

"Some investors are buying gold partly in anticipation of central bank buying," Stephen Briggs, a London-based analyst at Societe Generale, said in an interview with Bloomberg News.

"The market believes that central banks such as in Asia are or are going to start buying, although we have not seen any evidence of this," Briggs said. "Bad

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: