BRICS "Central Banks Double Down on Gold" in October
BRICS Gold Demand Presents Upside Possibilities Above $3,000
Summary: Doubling Down on Gold
Goldman Sachs’ latest precious metals analysis highlights a surprising shift in central bank behavior toward gold accumulation, with October's demand hitting a robust 64 tonnes despite the bank’s own call for a decrease in demand just two months earlier. Driven by geopolitical risks, financial uncertainty, and structural r…