Central banks are major driver of gold prices, says GFMS

gold1

Direct purchases of gold by central banks in addition to expected further monetary easing is having a significant impact on the price of gold, according to Philip Klapwijk, global head of metals analytics at Thomson Reuters GFMS.

Klapwijk made the comments on September 4 as he presented the results of Thomson Reuters GFMS Gold Survey Update for the second half of 2012. He added that central banks had made significantly more purchases of gold in 2011 and 2012, with a year-on-year increase in net

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: