Central bank gold purchases near record levels

Do negative interest rates have an effect on gold purchasing?

Central banks are close to a historic peak in gold purchases, according to research by Thomson Reuters' GFMS team, which published a report on March 31.

The report said central bank purchases of gold in 2015 reached their second highest annual total since the end of the gold standard, hitting 483 tonnes – a rise of 4% from 2014.

The World Gold Council (WGC) put out a report the same day suggesting negative interest rates make now a good time for central banks to move into gold.

Although negative

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